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ITC acquires 100% stakes in GHK Hospitality & Infrastructures Ltd

ITC acquires 100% stakes in GHK Hospitality & Infrastructures Ltd

ITC Hotels Limited has signed a definitive agreement to acquire a 100% stake in GHK Hospitality and Infrastructures Ltd, the owner of Welcomhotel Ahmedabad, for an enterprise value of INR 155 crores. The 130-key property, which ITC currently manages under an operating services agreement, represents a significant shift from a managed contract to full ownership. This move allows the group...

ITC Hotels unveils 145-key Welcomhotel Salasar in Rajasthan

ITC Hotels unveils 145-key Welcomhotel Salasar in Rajasthan

ITC Hotels Limited announced the signing of a management agreement for Welcomhotel by ITC Hotels Salasar, a 145-key hotel set amidst one of Indias’s most revered spiritual destinations. Designed on a 6-acre site, the proposed hotel is envisioned to introduce a distinctive new destination that celebrates the region's rich cultural heritage while catering to the growing demand for pilgrimage...

ITC Hotels signs 100-key Fortune brand hotel in Vrindavan

ITC Hotels signs 100-key Fortune brand hotel in Vrindavan

ITC Hotels Limited announced the signing of a new 100 keys hotel under its Fortune Hotels brand in Vrindavan, Uttar Pradesh further expanding its footprint in the state. With this signing ITCHL will now have a combined presence of 17 properties in Uttar Pradesh encompassing upcoming projects and operating hotels across its various brands including Welcomhotel Prayagraj, WelcomHeritage...