ITC to add 2,500 rooms in next five years

ITC Kohenur Hyderabad

ITC Limited said it plans to add 2,500 rooms to its hotel segment to take the total inventory to 12,000 in five years. At present, the group has 9,500 rooms.

Sanjiv Puri, Managing Director, ITC said the company would invest Rs 2,500 crore in the next two to three years in Telangana, among others, to set up an integrated consumer goods manufacturing unit and logistics facility and for the capacity augmentation and efficiency of Bhadrachalam Paperboard.

ITC has appointed a committee internally to examine the possibility of foraying into the healthcare space. Once it submitted its report, the Board would examine it and take a final call.

At present, ITC has four brands under ITC hotels, some are owned and some are managed. “In the next five years we can add another 24 hotels which are at various stages of construction, both owned and managed. It will bring another 2,500 rooms. This would take to roughly 130 hotels with 12,000 rooms,” Sanjiv said.

ITC Grand Bharat, Gurgaon

The four distinct brands of ITC are: ‘ITC Hotel’ at the luxury end, ‘WelcomHotel’ in the 5-star segment, ‘Fortune’ in the mid-market to upscale segment and WelcomHeritage’ in the heritage leisure segment.

The group has formally launched ITC Kohenur, a luxury hospitality project at Hitec City, constructed at a cost of Rs 775 crore. The hotel has 271 rooms, suites and service apartments. The ITC Kohenur in Hyderabad, named after the famous diamond believed to have been mined from Golconda, less than 10 kms from the IT hub. Kohenur, launched yesterday, is equipped with 271 high technology – enabled rooms, suites and service apartments apart from six signature restaurants.