An India-based hotel chain is planning to invest heavily in five-star properties across India.
An India-based hotel chain is planning to invest heavily in five-star properties across India.ITC Hotels currently has 66 properties based in 50 Indian cities. However, the company now wants to open a series of luxury hotels in key cities such as Bengaluru, Chennai and Kolkata.
In addition, ITC Hotels has also announced that it plans to invest in serviced apartments and first-class villas as the India travel market continues to grow.
The main project for ITC Hotels will be the creation of the ITC Grand Chola. It is anticipated that the hotel will be the largest in South India and will have around 650 rooms, shopping mall, private theatre, serviced apartments as well as business and conference facilities.
Total investment for the ITC Grand Chola is expected to be between Rs 8,000 million and Rs 10,000 million.
ITC’s first hotel opening in India was the Chola Sheraton in Chennai in 1975.
Written by Nicholas Scott.
