ITC Hotels - Revision history

Michalgorge: added about Demerger from ITC Ltd.

2023-09-27T12:24:06Z

added about Demerger from ITC Ltd.

← Older revision		Revision as of 17:54, 27 September 2023
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	\| image_caption = ITC Royal Bengal, Kolkata		\| image_caption = ITC Royal Bengal, Kolkata
	\| foundation = {{start date and age\|1975}}		\| foundation = {{start date and age\|1975}}
	\| location_city = [[~~Gurugram~~]]		\| location_city = [[Kolkata]]
	\| location_country = India		\| location_country = India
	\| locations = 70+		\| locations = 70+
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	\| key_people = Nakul Anand		\| key_people = Nakul Anand
	\| industry = [[Hospitality]]		\| industry = [[Hospitality]]
			\| revenue = {{up}}
			{{INRConvert\|2689.12\|c}} (2023) <ref name=pnl>{{Cite web\|url=https://www.bseindia.com/xml-data/corpfiling/AttachHis/36c519c8-d75a-438e-b72e-a73d44b03ca4.pdf\|title=ITC Q4FY23 results}}</ref>
			\| net_income = {{up}}
			{{INRConvert\|557\|c}} (2023) <ref name=pnl/>
			\| assets = {{up}}
			{{INRConvert\|7896\|c}} (2023) <ref name=pnl/>
	\| owner = [[ITC Limited]]		\| owner = [[ITC Limited]]
	\| homepage = {{URL\|https://www.itchotels.com}}		\| homepage = {{URL\|https://www.itchotels.com}}
	}}		}}

	'''ITC Hotels''' is an Indian [[hotel chain]], ~~based out of [[Gurgaon]]. With over 100 hotels, it is India's fifth largest hotel chain. It~~ is a part of the [[ITC Limited]] group of companies.<ref>{{cite web\|url=http://www.itcportal.com/about-itc/itc-profile/itc-profile.aspx\|title=ITC Limited - One of the World's Most Reputable Companies\|website=Itcportal.com\|access-date=15 August 2015}}</ref><ref>{{cite web\|url=http://www.itcportal.com/about-itc/itc-profile/history-and-evolution.aspx\|title=ITC - History and Evolution\|website=Itcportal.com\|access-date=15 August 2015}}</ref><ref>{{cite news\|url=http://www.hindu.com/2009/04/15/stories/2009041556401600.htm\|archive-url=https://web.archive.org/web/20090419234144/http://www.hindu.com/2009/04/15/stories/2009041556401600.htm\|url-status=dead\|archive-date=19 April 2009\|title=Welcomgroup tops Hewitt best employer\|date=15 April 2009\|work=[[The Hindu]]\|location=Chennai}}</ref> It has a franchise agreement to operate most of its hotels as part of [[The Luxury Collection]] of [[Marriott International]].		'''ITC Hotels''' is an Indian [[hotel chain]], which is a part of the [[ITC Limited]] group of companies.<ref>{{cite web\|url=http://www.itcportal.com/about-itc/itc-profile/itc-profile.aspx\|title=ITC Limited - One of the World's Most Reputable Companies\|website=Itcportal.com\|access-date=15 August 2015}}</ref><ref>{{cite web\|url=http://www.itcportal.com/about-itc/itc-profile/history-and-evolution.aspx\|title=ITC - History and Evolution\|website=Itcportal.com\|access-date=15 August 2015}}</ref><ref>{{cite news\|url=http://www.hindu.com/2009/04/15/stories/2009041556401600.htm\|archive-url=https://web.archive.org/web/20090419234144/http://www.hindu.com/2009/04/15/stories/2009041556401600.htm\|url-status=dead\|archive-date=19 April 2009\|title=Welcomgroup tops Hewitt best employer\|date=15 April 2009\|work=[[The Hindu]]\|location=Chennai}}</ref> With over 100 hotels, it is India's fifth largest hotel chain. It has a franchise agreement to operate most of its hotels as part of [[The Luxury Collection]] of [[Marriott International]].

	==History==		==History==
	[[ITC Limited]] entered the hotel business on 18 October 1975 with the opening of a hotel in [[Chennai]], which was renamed as [[Welcomhotel Chennai\|Welcomhotel By ITC Hotels, Cathedral Road, Chennai]]<ref>{{cite web \|title= About us \|publisher= ITC Hotels \| url=https://www.itchotels.in/about.html}}</ref>		[[ITC Limited]] entered the hotel business on 18 October 1975 with the opening of a hotel in [[Chennai]], which was renamed as [[Welcomhotel Chennai\|Welcomhotel By ITC Hotels, Cathedral Road, Chennai]].<ref>{{cite web \|title= About us \|publisher= ITC Hotels \| url=https://www.itchotels.in/about.html}}</ref>

	ITC Hotels has hosted many visiting royalty and world leaders, including [[George W. Bush]], [[Vladimir Putin]], and [[Barack Obama]].<ref>{{cite news\|url=http://www.rediff.com/news/2006/mar/01bush29.htm\|title=President Bush arrives\|date=1 March 2006\|work=[[Rediff]]\|access-date=27 July 2010}}</ref><ref>http://infotech.indiatimes.com/articleshow/msid-28103943,prtpage-1.cms{{Dead link\|date=July 2010}}</ref><ref>{{cite news\|url=http://www.rediff.com/news/2000/oct/02putin.htm \|title=Chandragupta ready to host Putin \|last=Joseph\|first=Josy\|date=2 October 2000\|work=[[Rediff]]\|access-date=27 July 2010 \|location=New Delhi}}</ref><ref>{{cite news\|url=http://www.hindustantimes.com/india-news/obama-visit-us-wants-no-fly-zone-over-itc-maurya-taj-mahal/article1-1309459.aspx\|archive-url=https://web.archive.org/web/20150121212935/http://www.hindustantimes.com/india-news/obama-visit-us-wants-no-fly-zone-over-itc-maurya-taj-mahal/article1-1309459.aspx\|url-status=dead\|archive-date=21 January 2015\|title=Obama visit: US wants no-fly zone over ITC Maurya, Taj \|date=26 January 2015\|work=[[hindustantimes]]}}</ref>		ITC Hotels has hosted many visiting royalty and world leaders, including [[George W. Bush]], [[Vladimir Putin]], and [[Barack Obama]].<ref>{{cite news\|url=http://www.rediff.com/news/2006/mar/01bush29.htm\|title=President Bush arrives\|date=1 March 2006\|work=[[Rediff]]\|access-date=27 July 2010}}</ref><ref>http://infotech.indiatimes.com/articleshow/msid-28103943,prtpage-1.cms{{Dead link\|date=July 2010}}</ref><ref>{{cite news\|url=http://www.rediff.com/news/2000/oct/02putin.htm \|title=Chandragupta ready to host Putin \|last=Joseph\|first=Josy\|date=2 October 2000\|work=[[Rediff]]\|access-date=27 July 2010 \|location=New Delhi}}</ref><ref>{{cite news\|url=http://www.hindustantimes.com/india-news/obama-visit-us-wants-no-fly-zone-over-itc-maurya-taj-mahal/article1-1309459.aspx\|archive-url=https://web.archive.org/web/20150121212935/http://www.hindustantimes.com/india-news/obama-visit-us-wants-no-fly-zone-over-itc-maurya-taj-mahal/article1-1309459.aspx\|url-status=dead\|archive-date=21 January 2015\|title=Obama visit: US wants no-fly zone over ITC Maurya, Taj \|date=26 January 2015\|work=[[hindustantimes]]}}</ref> and Donald Trump.<ref>{{Cite web \|title=Trump to stay at ITC Maurya's Chanakya Suite; here's how much it costs a night \|url=https://www.businesstoday.in/latest/economy-politics/story/donald-trump-itc-maurya-chanakya-suite-how-much-costs-night-250726-2020-02-24}}</ref>

	The hotel chain works on a philosophy of "Responsible Luxury"<ref>{{cite news\|url=https://www.itchotels.in/responsible-luxury.html\|title=Responsible Luxury\|date=16 December 2019\| work=itchotels.in}}</ref> and each hotel in the chain has a [[LEED]] (Leadership in Energy and Environmental Design) Platinum rating.<ref>{{cite news \|url=http://leed.usgbc.org/leed.html \|title=LEED\|date=16 December 2019\|work=[[USGBC]]}}</ref>		The hotel chain works on a philosophy of "Responsible Luxury"<ref>{{cite news\|url=https://www.itchotels.in/responsible-luxury.html\|title=Responsible Luxury\|date=16 December 2019\| work=itchotels.in}}</ref> and each hotel in the chain has a [[LEED]] (Leadership in Energy and Environmental Design) Platinum rating.<ref>{{cite news \|url=http://leed.usgbc.org/leed.html \|title=LEED\|date=16 December 2019\|work=[[USGBC]]}}</ref>
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	Originally incorporated as Rama Hotels Pvt Ltd in 1972<ref>[https://www.zaubacorp.com/company/HOTEL-RAMA-PRIVATE-LIMITED/U55102KA1972PTC002152= Rama Hotels Pvt Ltd] ''Zauba Corp''</ref> and renamed Vishwarama Hotels in 1973. The Vazir Sultan Tobacco Co Ltd. ([[VST Industries]]) bought Vishwarama Hotels in 1980-1981 and soon after, in 1982, the first luxury hotel for the new chain opened in [[Bangalore]].		Originally incorporated as Rama Hotels Pvt Ltd in 1972<ref>[https://www.zaubacorp.com/company/HOTEL-RAMA-PRIVATE-LIMITED/U55102KA1972PTC002152= Rama Hotels Pvt Ltd] ''Zauba Corp''</ref> and renamed Vishwarama Hotels in 1973. The Vazir Sultan Tobacco Co Ltd. ([[VST Industries]]) bought Vishwarama Hotels in 1980-1981 and soon after, in 1982, the first luxury hotel for the new chain opened in [[Bangalore]].

	In 1984, ITC Ltd. bought the entire equity capital from VST. In 1985 the Indian government awarded the Hotel that would later become the ITC Gardenia a five star rating.<ref>[https://www.moneycontrol.com/company-facts/itchotels/history/itc01= Company Facts - ITC Hotels] ''moneycontrol.com''</ref>		In 1984, ITC Ltd. bought the entire equity capital from VST. In 1985 the Indian government awarded the Hotel that would later become the ITC Gardenia a five star rating.<ref>[https://www.moneycontrol.com/company-facts/itchotels/history/itc01= Company Facts – ITC Hotels]. ''moneycontrol.com''.</ref>

	The company name was changed from ITC Ltd. to ITC Hotels in 1986.		The company name was changed from ITC Ltd. to ITC Hotels in 1986.

			== Demerger from ITC Ltd. ==
			In an effort to unlock value and focus on core competencies, [[ITC Limited\|ITC Ltd.]] decided to demerge its hotel business into a separate entity. The board of ITC Ltd. granted in-principle approval for the demerger under a scheme of arrangement.<ref>{{cite web \|date=25 September 2023 \|title=Behind ITC's Hotels Demerger \|url=https://www.business-standard.com/opinion/columns/behind-itc-s-hotels-demerger-123092501279_1.html \|publisher=Business Standard}}</ref> Sanjiv Puri, the CMD of ITC, elaborated that the move is part of a broader strategy for capital raising and debt expansion.<ref>{{cite web \|date=26 September 2023 \|title=ITC CMD Sanjiv Puri Exclusive Interview \|url=https://www.cnbctv18.com/business/companies/itc-share-price-cmd-sanjiv-puri-exclusive-interview-hotel-business-demerger-capital-raise-debt-expansion-17875601.htm \|publisher=CNBC TV18}}</ref>

			The spinoff will happen at a 10:1 ratio, and an [[Initial public offering\|IPO]] is expected to take place in 15 months.<ref>{{cite web \|date=26 September 2023 \|title=ITC Hotel Spinoff at 10:1 Ratio, IPO in 15 Months \|url=https://www.livemint.com/companies/news/itc-hotel-spinoff-at-10-1-ratio-ipo-in-15-months-11692038297794.html \|publisher=Livemint}}</ref> The company will hold a stake of around 40% in the new entity, while the balance will be held by the company’s shareholders proportionate to their shareholding.<ref>{{cite web \|date=5 August 2023 \|title=ITC Hotels Listing Likely in 2024, Company Board to Take Decision on August 14 \|url=https://www.businesstoday.in/latest/corporate/story/itc-hotels-listing-in-2024-company-board-to-take-decision-on-august-14-report-392945-2023-08-05 \|publisher=Business Today}}</ref>

	==ITC Hotels Brands==		==ITC Hotels Brands==

	~~[[File:ITC Grand Maratha Hotel, Mumbai, Maharashtra.jpg\|thumb\|ITC Maratha, [[Mumbai]]]]~~
	~~[[File:ITC-Grand-Chola-Chennai-2.JPG\|thumb\|[[ITC Grand Chola Hotel\|ITC Grand Chola]], [[Chennai]]]]~~
	~~[[File:ITC Kohenur Hyderabad India.jpg\|thumb\|ITC Kohenur [[Hyderabad]], Telangana]]~~
	~~[[File:Lavasa Fortune Hotel courtyard, Lavasa, Maharashtra.jpg\|thumb]]~~
	The group today operates under several distinct brands:		The group today operates under several distinct brands:
	*ITC Hotels, which has 14 hotels		*ITC Hotels, which has 15 hotels
	*Welcomhotel by ITC Hotels, which has 20+ hotels		*Welcomhotel by ITC Hotels, which has 20+ hotels
	*Fortune Hotels, which has 35+ hotels		*Fortune Hotels, which has 35+ hotels
	*WelcomHeritage, which has 50+ hotels		*WelcomHeritage, which has 50+ hotels

			<gallery>
			File:ITC Royal Bengalz.jpg\|[[ITC Royal Bengal]], [[Kolkata]]
			File:ITC Grand Maratha Hotel, Mumbai, Maharashtra.jpg\|ITC Maratha, [[Mumbai]]
			File:ITC-Grand-Chola-Chennai-2.JPG\|[[ITC Grand Chola Hotel\|ITC Grand Chola]], [[Chennai]]
			File:ITC Kohenur on Inorbit Mall Road (2).jpg\|ITC Kohenur, [[Hyderabad]]
			File:Lavasa Fortune Hotel courtyard, Lavasa, Maharashtra.jpg\|[[Lavasa]] Fortune Hotel
			</gallery>

	==References==		==References==

UpdateBot: robot: Update article (please report if you notice any mistake or error in this edit)

2022-06-26T08:48:40Z

robot: Update article (please report if you notice any mistake or error in this edit)

← Older revision		Revision as of 14:18, 26 June 2022
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	{{More citations needed\|date=October 2008}}		{{More citations needed\|date=October 2008}}
	{{Infobox company		{{Infobox company
	\| name = ITC Hotels		\| name = ITC Hotels
	\| logo = ITC Hotels.png		\| logo = ITC Hotels.png
	\| image =		\| image =
	\| image_caption = ITC Royal Bengal, Kolkata		\| image_caption = ITC Royal Bengal, Kolkata
	\| foundation = {{start date and age\|1975}}		\| foundation = {{start date and age\|1975}}
	\| location_city = [[~~Kolkata~~]]		\| location_city = [[Gurugram]]
	\| location_country = India		\| location_country = India
	\| locations = 70+		\| locations = 70+
	\| area_served = India		\| area_served = India
	\| key_people = ~~Sanjiv Puri~~		\| key_people = Nakul Anand
	\| industry = [[Hospitality]]		\| industry = [[Hospitality]]
	\| owner = [[ITC Limited]]		\| owner = [[ITC Limited]]
	\| homepage = {{URL\|https://www.itchotels.com}}		\| homepage = {{URL\|https://www.itchotels.com}}
	}}		}}

	'''ITC Hotels''' is ~~India's third largest~~ [[hotel chain]] with over 100 hotels.<ref>{{cite web\|url=http://sustain.pata.org/wp-content/uploads/2015/06/FINALIST-ITC-Hotels-India.pdf\|title=Tourism for Tomorrow Awards, Global Tourism Business Award : FINALIST ITC Hotels, ~~India\|website=Sustain.pata.org\|access-date=18 December 2018}}</ref> It is~~ based ~~in the Hotels Division Headquarters at~~ [[~~Kolkata~~]], ~~[[West Bengal]].<ref>{{Cite web\|url=https://www.telegraphindia.com/states/west-bengal/itc-s-second-address-in-calcutta-to-open-soon/cid/1681249\|title=ITC~~'s ~~second address in Calcutta to open soon\|website=www.telegraphindia~~.~~com\|access-date=8 January 2020}}</ref>~~ It is part of the [[ITC Limited]] group of companies.<ref>{{cite web\|url=http://www.itcportal.com/about-itc/itc-profile/itc-profile.aspx\|title=ITC Limited - One of the World's Most Reputable Companies\|website=Itcportal.com\|access-date=15 August 2015}}</ref><ref>{{cite web\|url=http://www.itcportal.com/about-itc/itc-profile/history-and-evolution.aspx\|title=ITC - History and Evolution\|website=Itcportal.com\|access-date=15 August 2015}}</ref> ~~ITC Hotels is regularly voted amongst the best employers in Asia in the hospitality sector.~~<ref>{{cite news\|url=http://www.hindu.com/2009/04/15/stories/2009041556401600.htm\|archive-url=https://web.archive.org/web/20090419234144/http://www.hindu.com/2009/04/15/stories/2009041556401600.htm\|url-status=dead\|archive-date=19 April 2009\|title=Welcomgroup tops Hewitt best employer\|date=15 April 2009\|work=[[The Hindu]]\|location=Chennai}}</ref> It has a franchise agreement to operate most of its hotels as part of [[The Luxury Collection]] of [[Marriott International]].		'''ITC Hotels''' is an Indian [[hotel chain]], based out of [[Gurgaon]]. With over 100 hotels, it is India's fifth largest hotel chain. It is a part of the [[ITC Limited]] group of companies.<ref>{{cite web\|url=http://www.itcportal.com/about-itc/itc-profile/itc-profile.aspx\|title=ITC Limited - One of the World's Most Reputable Companies\|website=Itcportal.com\|access-date=15 August 2015}}</ref><ref>{{cite web\|url=http://www.itcportal.com/about-itc/itc-profile/history-and-evolution.aspx\|title=ITC - History and Evolution\|website=Itcportal.com\|access-date=15 August 2015}}</ref><ref>{{cite news\|url=http://www.hindu.com/2009/04/15/stories/2009041556401600.htm\|archive-url=https://web.archive.org/web/20090419234144/http://www.hindu.com/2009/04/15/stories/2009041556401600.htm\|url-status=dead\|archive-date=19 April 2009\|title=Welcomgroup tops Hewitt best employer\|date=15 April 2009\|work=[[The Hindu]]\|location=Chennai}}</ref> It has a franchise agreement to operate most of its hotels as part of [[The Luxury Collection]] of [[Marriott International]].

	==History==		==History==
	[[ITC Limited]] entered the hotel business on 18 October 1975 with the opening of a hotel in [[Chennai]], which was renamed [[~~My Fortune~~, Chennai~~\|Hotel Chola~~]].<ref>{{cite web \|title= About us \|publisher= ITC Hotels \| url=https://www.itchotels.in/about.html}}</ref>		[[ITC Limited]] entered the hotel business on 18 October 1975 with the opening of a hotel in [[Chennai]], which was renamed as [[Welcomhotel Chennai\|Welcomhotel By ITC Hotels, Cathedral Road, Chennai]]<ref>{{cite web \|title= About us \|publisher= ITC Hotels \| url=https://www.itchotels.in/about.html}}</ref>

	ITC Hotels has hosted many visiting royalty and world leaders, including [[George W. Bush]], [[Vladimir Putin]], and [[Barack Obama]].<ref>{{cite news\|url=http://www.rediff.com/news/2006/mar/01bush29.htm\|title=President Bush arrives\|date=1 March 2006\|work=[[Rediff]]\|access-date=27 July 2010}}</ref><ref>http://infotech.indiatimes.com/articleshow/msid-28103943,prtpage-1.cms{{Dead link\|date=July 2010}}</ref><ref>{{cite news\|url=http://www.rediff.com/news/2000/oct/02putin.htm \|title=Chandragupta ready to host Putin \|last=Joseph\|first=Josy\|date=2 October 2000\|work=[[Rediff]]\|access-date=27 July 2010 \|location=New Delhi}}</ref><ref>{{cite news\|url=http://www.hindustantimes.com/india-news/obama-visit-us-wants-no-fly-zone-over-itc-maurya-taj-mahal/article1-1309459.aspx\|title=Obama visit: US wants no-fly zone over ITC Maurya, Taj \|date=26 January 2015\|work=[[hindustantimes]]}}</ref>		ITC Hotels has hosted many visiting royalty and world leaders, including [[George W. Bush]], [[Vladimir Putin]], and [[Barack Obama]].<ref>{{cite news\|url=http://www.rediff.com/news/2006/mar/01bush29.htm\|title=President Bush arrives\|date=1 March 2006\|work=[[Rediff]]\|access-date=27 July 2010}}</ref><ref>http://infotech.indiatimes.com/articleshow/msid-28103943,prtpage-1.cms{{Dead link\|date=July 2010}}</ref><ref>{{cite news\|url=http://www.rediff.com/news/2000/oct/02putin.htm \|title=Chandragupta ready to host Putin \|last=Joseph\|first=Josy\|date=2 October 2000\|work=[[Rediff]]\|access-date=27 July 2010 \|location=New Delhi}}</ref><ref>{{cite news\|url=http://www.hindustantimes.com/india-news/obama-visit-us-wants-no-fly-zone-over-itc-maurya-taj-mahal/article1-1309459.aspx\|archive-url=https://web.archive.org/web/20150121212935/http://www.hindustantimes.com/india-news/obama-visit-us-wants-no-fly-zone-over-itc-maurya-taj-mahal/article1-1309459.aspx\|url-status=dead\|archive-date=21 January 2015\|title=Obama visit: US wants no-fly zone over ITC Maurya, Taj \|date=26 January 2015\|work=[[hindustantimes]]}}</ref>

	The hotel chain works on a philosophy of "Responsible Luxury"<ref>{{cite news\|url=https://www.itchotels.in/responsible-luxury.html\|title=Responsible Luxury\|date=16 December 2019\| work=itchotels.in}}</ref> and each hotel in the chain has a ~~LEEDS~~ (Leadership in Energy and Environmental Design) Platinum rating.<ref>{{cite news \|url=http://leed.usgbc.org/leed.html \|title=LEED\|date=16 December 2019\|work=[[USGBC]]}}</ref>		The hotel chain works on a philosophy of "Responsible Luxury"<ref>{{cite news\|url=https://www.itchotels.in/responsible-luxury.html\|title=Responsible Luxury\|date=16 December 2019\| work=itchotels.in}}</ref> and each hotel in the chain has a [[LEED]] (Leadership in Energy and Environmental Design) Platinum rating.<ref>{{cite news \|url=http://leed.usgbc.org/leed.html \|title=LEED\|date=16 December 2019\|work=[[USGBC]]}}</ref>

	Originally incorporated as Rama Hotels Pvt Ltd in 1972<ref>[https://www.zaubacorp.com/company/HOTEL-RAMA-PRIVATE-LIMITED/U55102KA1972PTC002152= Rama Hotels Pvt Ltd] ''Zauba Corp''</ref> and renamed Vishwarama Hotels in 1973. The Vazir Sultan Tobacco Co Ltd. ([[VST Industries]]) bought Vishwarama Hotels in 1980-1981 and soon after, in 1982, the first luxury hotel for the new chain opened in [[Bangalore]].		Originally incorporated as Rama Hotels Pvt Ltd in 1972<ref>[https://www.zaubacorp.com/company/HOTEL-RAMA-PRIVATE-LIMITED/U55102KA1972PTC002152= Rama Hotels Pvt Ltd] ''Zauba Corp''</ref> and renamed Vishwarama Hotels in 1973. The Vazir Sultan Tobacco Co Ltd. ([[VST Industries]]) bought Vishwarama Hotels in 1980-1981 and soon after, in 1982, the first luxury hotel for the new chain opened in [[Bangalore]].
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	The company name was changed from ITC Ltd. to ITC Hotels in 1986.		The company name was changed from ITC Ltd. to ITC Hotels in 1986.

	==ITC ~~brands~~==		==ITC Hotels Brands==
	[[File:ITC Grand Maratha Hotel, Mumbai, Maharashtra.jpg\|thumb\|ITC ~~Grand~~ Maratha ~~Hotel~~, [[Mumbai]]]]
			[[File:ITC Grand Maratha Hotel, Mumbai, Maharashtra.jpg\|thumb\|ITC Maratha, [[Mumbai]]]]
	[[File:ITC-Grand-Chola-Chennai-2.JPG\|thumb\|[[ITC Grand Chola Hotel\|ITC Grand Chola]], [[Chennai]]]]		[[File:ITC-Grand-Chola-Chennai-2.JPG\|thumb\|[[ITC Grand Chola Hotel\|ITC Grand Chola]], [[Chennai]]]]
	[[File:ITC Kohenur Hyderabad India.jpg\|thumb\|ITC Kohenur [[Hyderabad]], Telangana]]		[[File:ITC Kohenur Hyderabad India.jpg\|thumb\|ITC Kohenur [[Hyderabad]], Telangana]]
	[[File:Lavasa Fortune Hotel courtyard, Lavasa, Maharashtra.jpg\|thumb~~\|Lavasa Fortune Hotel courtyard, [[Lavasa]], Maharashtra~~]]		[[File:Lavasa Fortune Hotel courtyard, Lavasa, Maharashtra.jpg\|thumb]]
	The group today operates under several distinct brands:		The group today operates under several distinct brands:
	*ITC ~~luxury collection~~, which has 14 hotels		*ITC Hotels, which has 14 hotels
	*~~Welcom Hotels~~		*Welcomhotel by ITC Hotels, which has 20+ hotels
	*Fortune Hotels, which has 54 hotels with 4,446 rooms in 41 cities across India<ref>{{cite news\|url=http://www.hospitalitybizindia.com/detailNews.aspx?aid=5406&sid=1\|title=Fortune signs up Savoy Hotel in Mussoorie\|date=1 July 2009\|website=Hospitalitybizindia.com}}</ref>		*Fortune Hotels, which has 35+ hotels
	*Welcom Heritage Hotels		*WelcomHeritage, which has 50+ hotels

	~~==ITC Hotels==~~
	*ITC Rama International [[Aurangabad]]
	*ITC Grand Bharat, [[Gurgaon]]
	*ITC Maurya, [[New Delhi]]
	*ITC Maratha, [[Mumbai]]
	*[[ITC Grand Chola Hotel\|ITC Grand Chola]], [[Chennai]]
	*~~ITC Grand Central, [[Mumbai]]~~
	*ITC Sonar, [[Kolkata]]
	*ITC Royal Bengal, [[Kolkata]]
	*ITC Fortune ~~Park BBD [[Lucknow]]~~
	*ITC Narmada, [[Ahmedabad]] (Opening in 2020)
	*ITC Gardenia, [[Bangalore]]
	*ITC Windsor, [[Bangalore]]
	*ITC Kakatiya, [[Hyderabad]]
	*ITC Kohenur, [[Hyderabad]]<ref>{{cite web\|url=https://www.itchotels.in\|title=ITC Hotels ~~- Luxury~~, ~~business and leisure~~ hotels ~~& resorts in India, 5 star hotels in India\|website=Itchotels.in\|access-date=18 December 2018}}</ref>~~
	*~~ITC Rajputana~~, ~~[[Jaipur]]~~
	*ITC Mughal, [[Agra]]
	*ITC Welcomhotel Jodhpur, [[Rajasthan]]<ref>{{cite news\|url=https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/itc-hotels-to-open-new-premium-welcomehotel-in-jodhpur/articleshow/42177276.cms?from=mdr\|newspaper=The Economic Times\|access-date=8 January 2020\|title=ITC Hotels to open new premium 'WelcomeHotel' in Jodhpur\|date=10 September 2014}}</ref>
	*ITC Grand Goa Resort and Spa, [[Goa]] (Previously, Park Hyatt Goa, before acquisition)<ref>{{cite news\|url=https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/itc-hotels-acquires-park-hyatt-goa-resort-and-spa/articleshow/65872911.cms\|title=ITC Hotels acquires Park Hyatt Goa Resort and Spa\|first=Anumeha\|last=Chaturvedi\|date=19 September 2018\|access-date=18 December 2018\|newspaper=[[The Economic Times]]}}</ref><ref>{{cite web\|url=https://www.itchotels.in/hotels/goa/itcgrandgoa.html?source=google&medium=cpc&campaign=EV_ITC_Grand_Goa_Brand_BMM&content=ITC_Grand_Goa_Pre_Launch&gclid=Cj0KCQjwr4beBRDNARIsAGZaZ5dFm3e9THqte25b-5hGIJhbLF7KHUUpGJ-yuDxyKm0wQleQR-aNh7YaAqukEALw_wcB\|title=ITC Grand Goa Resort & Spa–Luxury Beach Resort in South Goa\|website=ITC Hotels\|access-date=18 December 2018}}</ref>
	*ITC hotel Colombo, [[Colombo]] (Opening in 2020)

	==References==		==References==

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{{Short description|Indian hotel chain}}
{{Use dmy dates|date=January 2018}}
{{Use Indian English|date=January 2018}}
{{More citations needed|date=October 2008}}
{{Infobox company
| name = ITC Hotels
| logo = ITC Hotels.png
| image =
| image_caption = ITC Royal Bengal, Kolkata
| foundation = {{start date and age|1975}}
| location_city = [[Kolkata]]
| location_country = India
| locations = 70+
| area_served = India
| key_people = Sanjiv Puri
| industry = [[Hospitality]]
| owner = [[ITC Limited]]
| homepage = {{URL|https://www.itchotels.com}}
}}

'''ITC Hotels''' is India's third largest [[hotel chain]] with over 100 hotels.<ref>{{cite web|url=http://sustain.pata.org/wp-content/uploads/2015/06/FINALIST-ITC-Hotels-India.pdf|title=Tourism for Tomorrow Awards, Global Tourism Business Award : FINALIST ITC Hotels, India|website=Sustain.pata.org|access-date=18 December 2018}}</ref> It is based in the Hotels Division Headquarters at [[Kolkata]], [[West Bengal]].<ref>{{Cite web|url=https://www.telegraphindia.com/states/west-bengal/itc-s-second-address-in-calcutta-to-open-soon/cid/1681249|title=ITC's second address in Calcutta to open soon|website=www.telegraphindia.com|access-date=8 January 2020}}</ref> It is part of the [[ITC Limited]] group of companies.<ref>{{cite web|url=http://www.itcportal.com/about-itc/itc-profile/itc-profile.aspx|title=ITC Limited - One of the World's Most Reputable Companies|website=Itcportal.com|access-date=15 August 2015}}</ref><ref>{{cite web|url=http://www.itcportal.com/about-itc/itc-profile/history-and-evolution.aspx|title=ITC - History and Evolution|website=Itcportal.com|access-date=15 August 2015}}</ref> ITC Hotels is regularly voted amongst the best employers in Asia in the hospitality sector.<ref>{{cite news|url=http://www.hindu.com/2009/04/15/stories/2009041556401600.htm|archive-url=https://web.archive.org/web/20090419234144/http://www.hindu.com/2009/04/15/stories/2009041556401600.htm|url-status=dead|archive-date=19 April 2009|title=Welcomgroup tops Hewitt best employer|date=15 April 2009|work=[[The Hindu]]|location=Chennai}}</ref> It has a franchise agreement to operate most of its hotels as part of [[The Luxury Collection]] of [[Marriott International]].

==History==
[[ITC Limited]] entered the hotel business on 18 October 1975 with the opening of a hotel in [[Chennai]], which was renamed [[My Fortune, Chennai|Hotel Chola]].<ref>{{cite web |title= About us |publisher= ITC Hotels | url=https://www.itchotels.in/about.html}}</ref>

ITC Hotels has hosted many visiting royalty and world leaders, including [[George W. Bush]], [[Vladimir Putin]], and [[Barack Obama]].<ref>{{cite news|url=http://www.rediff.com/news/2006/mar/01bush29.htm|title=President Bush arrives|date=1 March 2006|work=[[Rediff]]|access-date=27 July 2010}}</ref><ref>http://infotech.indiatimes.com/articleshow/msid-28103943,prtpage-1.cms{{Dead link|date=July 2010}}</ref><ref>{{cite news|url=http://www.rediff.com/news/2000/oct/02putin.htm |title=Chandragupta ready to host Putin |last=Joseph|first=Josy|date=2 October 2000|work=[[Rediff]]|access-date=27 July 2010 |location=New Delhi}}</ref><ref>{{cite news|url=http://www.hindustantimes.com/india-news/obama-visit-us-wants-no-fly-zone-over-itc-maurya-taj-mahal/article1-1309459.aspx|title=Obama visit: US wants no-fly zone over ITC Maurya, Taj |date=26 January 2015|work=[[hindustantimes]]}}</ref>

The hotel chain works on a philosophy of "Responsible Luxury"<ref>{{cite news|url=https://www.itchotels.in/responsible-luxury.html|title=Responsible Luxury|date=16 December 2019| work=itchotels.in}}</ref> and each hotel in the chain has a LEEDS (Leadership in Energy and Environmental Design) Platinum rating.<ref>{{cite news |url=http://leed.usgbc.org/leed.html |title=LEED|date=16 December 2019|work=[[USGBC]]}}</ref>

Originally incorporated as Rama Hotels Pvt Ltd in 1972<ref>[https://www.zaubacorp.com/company/HOTEL-RAMA-PRIVATE-LIMITED/U55102KA1972PTC002152= Rama Hotels Pvt Ltd] ''Zauba Corp''</ref> and renamed Vishwarama Hotels in 1973. The Vazir Sultan Tobacco Co Ltd. ([[VST Industries]]) bought Vishwarama Hotels in 1980-1981 and soon after, in 1982, the first luxury hotel for the new chain opened in [[Bangalore]].

In 1984, ITC Ltd. bought the entire equity capital from VST. In 1985 the Indian government awarded the Hotel that would later become the ITC Gardenia a five star rating.<ref>[https://www.moneycontrol.com/company-facts/itchotels/history/itc01= Company Facts - ITC Hotels] ''moneycontrol.com''</ref>

The company name was changed from ITC Ltd. to ITC Hotels in 1986.

==ITC brands==
[[File:ITC Grand Maratha Hotel, Mumbai, Maharashtra.jpg|thumb|ITC Grand Maratha Hotel, [[Mumbai]]]]
[[File:ITC-Grand-Chola-Chennai-2.JPG|thumb|[[ITC Grand Chola Hotel|ITC Grand Chola]], [[Chennai]]]]
[[File:ITC Kohenur Hyderabad India.jpg|thumb|ITC Kohenur [[Hyderabad]], Telangana]]
[[File:Lavasa Fortune Hotel courtyard, Lavasa, Maharashtra.jpg|thumb|Lavasa Fortune Hotel courtyard, [[Lavasa]], Maharashtra]]
The group today operates under several distinct brands:
*ITC luxury collection, which has 14 hotels
*Welcom Hotels
*Fortune Hotels, which has 54 hotels with 4,446 rooms in 41 cities across India<ref>{{cite news|url=http://www.hospitalitybizindia.com/detailNews.aspx?aid=5406&sid=1|title=Fortune signs up Savoy Hotel in Mussoorie|date=1 July 2009|website=Hospitalitybizindia.com}}</ref>
*Welcom Heritage Hotels

==ITC Hotels==
*ITC Rama International [[Aurangabad]]
*ITC Grand Bharat, [[Gurgaon]]
*ITC Maurya, [[New Delhi]]
*ITC Maratha, [[Mumbai]]
*[[ITC Grand Chola Hotel|ITC Grand Chola]], [[Chennai]]
*ITC Grand Central, [[Mumbai]]
*ITC Sonar, [[Kolkata]]
*ITC Royal Bengal, [[Kolkata]]
*ITC Fortune Park BBD [[Lucknow]]
*ITC Narmada, [[Ahmedabad]] (Opening in 2020)
*ITC Gardenia, [[Bangalore]]
*ITC Windsor, [[Bangalore]]
*ITC Kakatiya, [[Hyderabad]]
*ITC Kohenur, [[Hyderabad]]<ref>{{cite web|url=https://www.itchotels.in|title=ITC Hotels - Luxury, business and leisure hotels & resorts in India, 5 star hotels in India|website=Itchotels.in|access-date=18 December 2018}}</ref>
*ITC Rajputana, [[Jaipur]]
*ITC Mughal, [[Agra]]
*ITC Welcomhotel Jodhpur, [[Rajasthan]]<ref>{{cite news|url=https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/itc-hotels-to-open-new-premium-welcomehotel-in-jodhpur/articleshow/42177276.cms?from=mdr|newspaper=The Economic Times|access-date=8 January 2020|title=ITC Hotels to open new premium 'WelcomeHotel' in Jodhpur|date=10 September 2014}}</ref>
*ITC Grand Goa Resort and Spa, [[Goa]] (Previously, Park Hyatt Goa, before acquisition)<ref>{{cite news|url=https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/itc-hotels-acquires-park-hyatt-goa-resort-and-spa/articleshow/65872911.cms|title=ITC Hotels acquires Park Hyatt Goa Resort and Spa|first=Anumeha|last=Chaturvedi|date=19 September 2018|access-date=18 December 2018|newspaper=[[The Economic Times]]}}</ref><ref>{{cite web|url=https://www.itchotels.in/hotels/goa/itcgrandgoa.html?source=google&medium=cpc&campaign=EV_ITC_Grand_Goa_Brand_BMM&content=ITC_Grand_Goa_Pre_Launch&gclid=Cj0KCQjwr4beBRDNARIsAGZaZ5dFm3e9THqte25b-5hGIJhbLF7KHUUpGJ-yuDxyKm0wQleQR-aNh7YaAqukEALw_wcB|title=ITC Grand Goa Resort & Spa–Luxury Beach Resort in South Goa|website=ITC Hotels|access-date=18 December 2018}}</ref>
*ITC hotel Colombo, [[Colombo]] (Opening in 2020)

==References==
{{Reflist}}

==External links==
*{{Official website|www.itchotels.com}}

{{ITC}}
{{Hotel chains}}

[[Category:Hotel chains in India]]
[[Category:Hotels established in 1975]]
[[Category:Companies based in Kolkata]]
[[Category:1975 establishments in West Bengal]]
[[Category:ITC Limited]]