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 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 Limited announced the signing of a management agreement for a 143 keys Welcomhotel by ITC Hotels in Ayodhya. This addition further strengthens the ITC Hotels Limited portfolio in Uttar Pradesh and adds to the growing national footprint of the Welcomhotel brand following recent announcements for hotels in Bodh Gaya, Shirdi, and Vrindavan...

ITC Hotels Limited announced the signing of a 90-room Fortune Select in Guwahati, Assam. This agreement accelerates the company’s expansion into India’s high-growth markets, establishing its premier presence in Guwahati, a premier city and a primary gateway for regional commerce and travel in the Northeast....

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...

With this addition, ITC Hotels Limited will now have five Fortune alliances in Goa, three of which are already operational, in Candolim, Benaulim and near the Miramar beach.