ITC Hotels and Starwood plan India growth


ITC Hotels and Starwood Hotels & Resorts have signed agreements to extend their existing partnership for 11 ITC Luxury Collection hotels and one hotel under the Sheraton brand in India. In addition, the partners will open three new ITC hotels under The Luxury Collection brand in India. The addition of the ITC Kohinoor in Hyderabad, ITC Narmada in Ahmedabad and ITC Royal Bengal in Kolkata will bring the inventory up to 15 hotels over the next four years.
"Starwood is experiencing strong growth momentum in India with signings of new hotels in the past 12 months representing nearly 30 percent of our current operating footprint in the country,” Thomas Mangas, CEO of Starwood Hotels & Resorts Worldwide, said, adding that India remains one of Starwood’s fastest-growing markets.
The partnership between the two companies started in 1979 with the Sheraton brand. In 2007, both companies signed an agreement through which Starwood introduced The Luxury Collection brand in India, which presently includes 11 hotels. 

Suggested Articles

Located within the city’s former World Trade Center building, the property will feature 341 guestrooms and 92 residences.

Growing interest in the lodging sector from institutional investors looking for steady returns has spurred an increase in ground-rent deals.

The company is planning to open more than 30 hotels across six of its luxury brands in 2020.