ITC Hotels Limited has announced a historic milestone with its listing on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE)
ITC Hotels Limited, as an independent pure play hospitality company post-demerger from ITC Limited, is all set to shape its own growth trajectory with its repertoire of signature properties, world class cuisines, enthralling experiences, manifesting its ethos of inclusivity and responsible stewardship. ITC Hotels will also continue to pursue its Asset Right strategy to expand its footprint across India and in proximal markets.
Buoyed by the Government’s policy interventions for the hospitality sector and a flourishing domestic tourism industry, ITC Hotels has strong growth enablers in place. Debuting with a zero-debt balance sheet and a cash/cash equivalents of ₹1,500 crore to cater to planned growth and contingency requirements, ITCHL is now listed for trading on the stock exchanges. ITC Limited retains a 40% stake in ITCHL, while the remaining 60% is distributed among existing shareholders. This strategic shareholding structure positions ITCHL to deliver long-term value to all stakeholders while accelerating its independent growth trajectory. The entity will also continue to leverage ITC Ltd.’s institutional strengths, globally acclaimed sustainability credentials, high-quality talent pool, digital capabilities, robust governance, and sourcing of quality products.
Speaking at the listing programme at NSE, Sanjiv Puri, Chairman, ITC Hotels Ltd. said, “Today is indeed a landmark moment in ITC’s journey. Listing of ITC Hotels marks not just a new chapter for the ITC Group’s hospitality business but a bold step forward in our commitment to creating enduring value for all stakeholders. As ITC Hotels embarks on this new journey, it is committed to achieving new global benchmarks in hospitality while staying rooted in its vision of sustainability and inclusivity. The future indeed promises exciting opportunities to expand, innovate, and redefine luxury experiences. As we do so, ITC Hotels is also committed to enriching the tourism landscape of India contributing to the nation’s goals for a Viksit Bharat.”
Anil Chadha, Managing Director, ITC Hotels Ltd. said, “Today is a time in history when we want to reinforce our commitment to building one of India’s finest hospitality chains that will redefine the future of hospitality. ITC Hotels carries a history built on trust, innovation and pride. As we look ahead, ITC Hotels is ready to take bold strides as an independent, agile and pure play hospitality entity. We aim to be a global leader in Indian hospitality driven by our core ethos of customer centricity, high performance and steadfast commitment to sustainability.”
ITC Hotels Limited has unveiled a new corporate logo, the ‘Unity Mark’, which embodies the unique spirit of hospitality. The logo is an elegant and contemporary interpretation of the iconic Namaste brand of ITC Hotels. This modern yet timeless design reflects ITC Hotels’ enduring essence of Warmth, Excellence, Responsible Stewardship and Inclusivity.
Operating across all hospitality segments, ITC Hotels Limited showcases a diverse portfolio of hotels through 6 vibrant brands – including ITC Hotels and Mementos in the luxury space, Welcomhotel in upper upscale, Storii in boutique premium experiential segment, Fortune in midscale and WelcomHeritage in heritage leisure. This multi-dimensional approach enables ITCHL to cater to a wide spectrum of travellers seeking a variety of experiences.
ITC Hotels operates a bouquet of over 140 properties with over 13,000 keys in over 90 locations. It plans to expand its portfolio to over 200 hotels with over 18,000 keys over the next 5 years, with approximately 2/3rd salience of managed properties. It has launched 30 hotels within a period of 24 months recently (as on 31st December 2024), and has a robust target of adding at least one hotel a month on an average over the next 24 months.
ITC Hotels’ international foray includes ITC Ratnadipa in Colombo, Fortune Resort & Wellness Spa, Bhaktapur, Nepal, and the soon-to-launch Welcomhotel Nepal, strategically positioned to leverage the anticipated tourism boom in India and the region.
With over 50 years of heritage, ITC Hotels is known for its exquisite architecture rooted to the soil including iconic properties like ITC Royal Bengal, ITC Grand Chola, ITC Grand Bharat, ITC Maratha, culinary delicacies and signature dining experiences at globally acclaimed restaurants like Bukhara, Dum Pukht, Avartana, Dakshin and excellence in hospitality and customer service.
Embodying ‘Sustainability’ and ‘Responsible Luxury’ as its guiding ethos, ITC Hotels has become the first in the world to achieve 12 LEED Zero Carbon Certifications and 5 LEED Zero Water Certifications for its different hotels and is the first in India to have been honoured with the prestigious 2024 Leadership Award for Organizational Excellence by the US Green Building Council. ITC Hotels is the largest chain in the world to have 23 LEED Platinum certified hotels.
As the new corporate entity embarks on its future journey, ITC Hotels Limited is well-positioned to capitalize on the transformative shifts in the hospitality industry, driven by the growing demand for wellness, spirituality, personalized experiences, and sustainability.
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