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On 15 October 2011, the hotel was re-branded the My Fortune, Chennai, the first hotel in the Fortune Park Hotels line, a wholly owned subsidiary of ITC Ltd. [6] [7] The hotel was again rebranded as WelcomHotel Chennai on 15 October 2017, and later as Welcomhotel by ITC Hotels, Cathedral Road, Chennai.
The company name was changed from ITC Ltd. to ITC Hotels in 1986. [11] In an effort to unlock value and focus on core competencies, ITC Ltd. decided to demerge its hotel business into a separate entity in 2023. The board of ITC Ltd. granted in-principle approval for the demerger under a scheme of arrangement. [12]
In May 2017, IHCL announced it was moving all of its hotels under a unique brand, Taj Hotels Palaces Resorts Safaris. The brands Vivanta by Taj and Gateway were merged into a single business unit. [ 21 ] [ 22 ] During the summer of 2017, Cyrus Mistry stated that some of the group's latest costly acquisitions (Sea Rock Hotel, The Pierre in New ...
In July 2023, ITC Ltd.'s board of directors approved in principle the demerger of its hotel business and the formation of a wholly owned subsidiary called ITC Hotels. [ 27 ] [ 28 ] As of March 2024, British American Tobacco is the largest shareholder in the company with a 25.5% stake, followed by Life Insurance Corporation of India which holds ...
The Savoy, is a historic luxury hotel in the hill station, Mussoorie, in Uttarakhand state of India, owned by Mr. Kishore Kaya and Managed by the ITC Hotels.Established in 1902, built in English Gothic architecture style mostly in wood, the hotel is spread over 11 acres (45,000 m 2) with 50 rooms at present, and overlooks the Himalayas.
The ITC Grand Chola is a 5-star luxury hotel in Chennai, India. [4] It is located in Guindy , opposite SPIC building and along the same row of buildings as Ashok Leyland Towers. The building, designed by Singapore -based SRSS Architects, is of mixed-use development with three separate wings and is themed after traditional Dravidian architecture ...
The Oberoi Group is a luxury hotel group with its head office in New Delhi, India. [2] Founded in 1934, the company owns and operates 32 luxury hotels and two river cruise ships in 7 countries, primarily under its Oberoi Hotels & Resorts and Trident brands. [3]
The Ritz-Carlton Hotel Company, LLC is an American multinational company that operates the luxury hotel chain known as The Ritz-Carlton. The company has 108 luxury hotels and resorts in 30 countries and territories with 29,158 rooms, in addition to 46 hotels with 8,755 rooms planned for the future.
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