ITC Hotels Limited
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Hotels & Resorts
ITC purchases all of GHK Hospitality & Infrastructures Ltd.
For an enterprise value of INR 155 crores, ITC Hotels Limited has reached a final agreement to purchase a 100% share in GHK Hospitality and Infrastructures Ltd., the company that owns the Welcomhotel Ahmedabad. A major change from a managed contract to full ownership is represented by the 130-key facility, which ITC now oversees under an operating services agreement. By…
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Hotels & Resorts
ITC Hotels Signs 99-Key Welcomhotel in Mysuru.
ITC Hotels Limited announced that ITC Hotels Mysuru, a 99-key hotel in Mysuru, Karnataka, has signed a management agreement for Welcomhotel. According to reports, the deal represents yet another important turning point in ITC Hotels’ expansion plan and enhances the Welcomhotel brand’s visibility in important South Indian business and leisure locations. Anil Chadha, Managing Director, ITC Hotels Limited stated ,…
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Hotels & Resorts
ITC Hotels opened Fortune Lakeview Bhimtal and added 12 properties in Uttarakhand.
Fortune Lakeview Bhimtal, a 63-key lakeside hotel with a view of Bhimtal Lake in Uttarakhand, has opened, according to ITC Hotels Limited (ITCHL). The company’s expansion plan across India’s high-growth leisure locations is reinforced by the introduction of its 12th property in the state. Anil Chadha, Managing Director of ITC Hotels Limited stated, “Uttarakhand holds a special place in our…
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Hotels & Resorts
ITC Hotels expands in Uttar Pradesh with Welcomhotel Ayodhya.
The management agreement for a 143-key Welcomhotel in Ayodhya has been signed by ITC Hotels Limited. Following recent announcements for hotels in Bodh Gaya, Shirdi, and Vrindavan, this expansion expands the Welcomhotel brand’s national reach and improves the ITC Hotels Limited portfolio in Uttar Pradesh. The hotel, which will be situated on a four-acre plot of land, will have guest…
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Hotels & Resorts
Signs from ITC Hotels Vrindavan’s 100-key Fortune brand hotel.
In an effort to increase its presence in the state, ITC Hotels Limited announced the signing of a new 100-key hotel in Vrindavan, Uttar Pradesh, under the Fortune Hotels brand. With this acquisition, ITCHL will have a total of 17 properties in Uttar Pradesh, including ongoing projects and hotels under its several brands, such as Fortune Select Ayodhya, Welcomhotel Prayagraj,…
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