KOLKATA: A New Chapter for ITC Hotels

ITC Hotels Limited (ITCHL) has marked a historic milestone by listing on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This move signifies ITCHL's transition into an independent pure play hospitality company, following its demerger from ITC Limited. With a portfolio of signature properties, world-class cuisines, and a commitment to inclusivity and responsible stewardship, ITCHL is poised for significant growth.

Backed by government policy interventions and a thriving domestic tourism industry, ITCHL is well-positioned for expansion. The company debuts with a zero-debt balance sheet and substantial cash reserves, ensuring readiness for both planned growth and unforeseen contingencies. ITC Limited retains a 40% stake in ITCHL, with the remaining shares distributed among existing shareholders, setting the stage for long-term value creation.

Leadership and Vision

At the listing ceremony, Mr. Sanjiv Puri, Chairman of ITC Hotels Ltd., emphasized the significance of this milestone for the ITC Group's hospitality business. He highlighted ITCHL's commitment to achieving global benchmarks in hospitality while adhering to principles of sustainability and inclusivity. Anil Chadha, MD of ITC Hotels Ltd., spoke of the company's ambition to redefine the future of hospitality in India and beyond, driven by customer centricity, high performance, and a steadfast commitment to sustainability.

Expansion and Innovation

ITC Hotels Ltd. has unveiled a new corporate logo, the 'Unity Mark', symbolizing the company's unique spirit of hospitality. With a diverse portfolio of over 140 properties across more than 90 locations, ITCHL plans to expand to over 200 hotels with more than 18,000 keys in the next five years. This ambitious expansion strategy includes a focus on managed properties and an aggressive target of adding at least one hotel per month on average over the next 24 months.

Internationally, ITC Hotels is making strides with properties like ITC Ratnadipa in Colombo and Fortune Resort and Wellness Spa in Bhaktapur, Nepal, with the Welcomhotel Nepal soon to launch. These strategic moves are designed to capitalize on the anticipated tourism boom in India and the region.

With over 50 years of heritage, ITC Hotels is renowned for its exquisite architecture, culinary excellence, and unparalleled hospitality. The company's iconic properties and signature dining experiences continue to set benchmarks in the hospitality industry, promising an exciting future of innovation and luxury experiences.