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ITC to launch 20 properties in two years

Monday, 12 Sep 2022
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ITC is exploring options and discussing alternate structures for demerger plan of its hotel business. 
ITC Hotels has plans of launching more than 20 hotels in the next two years. It is also evaluating its overseas expansion and considering the Middle East market. 
The group currently has around 115 properties with over 11,000 keys across brands in India. 
The chain’s new openings include hotels in Colombo, Corbett, Sirmaur, Udaipur, Raipur, Solan, Kufri, Tirupur, Goa, and Jaipur as more properties get signed in at Dehradun, Ooty and Jabalpur. 
The company is rolling out new brands. The first property of Mementos, its new luxury brand, will come up in Udaipur by the end of 2022. 
It has also entered management contracts for five boutique properties under the Storii by ITC Hotels brand in Goa, Dharamshala, Solan, Sirmaur and Kufri. 
With 57 keys recently opened at Goa and Dharamshala, the brand is set to open another 116 keys across three locations in Himachal Pradesh by the end of 2023.
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