ITC, on 4 September 2005, announced its proposal
to set up two 7-star hotels -- one each in Chennai and Bangalore.
The company is currently scouting for suitable
project locations. No other details on the proposal are yet available. ITC
already has two such luxury hotels in Chennai and one in Bangalore.
ITC currently operates 66 hotels in 55 countries.
ProjectsToday adds: It
may be recalled that in February 2005, ITC had planned to set up three luxury
hotels in Chennai, Bangalore and Hyderabad, at a total cost of Rs.1,000 crore.
The current announcement appears to be a firming-up of the old proposal.