ITC Hotels is opening its first luxury property in Goa, India. The company is close to acquiring the Ramada Caravela Beach Resort from Advani Hotels & Resorts, which is managed by Wyndham Worldwide.
The 199-room hotel is located on Varca beach, and was built in the 1990s.
"The property was built before there were stringent CRZ (coastal regulation zone) norms. So the hotel rooms are closer to the beach than most other hotels in Goa," said a consultant who did not wish to be named. CRZ regulations don't allow buildings to come up too close to the sea shore.