ITC Hotels signs 14 Fortune Hotels, opens 7 new properties in FY25

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ITC Hotels Ltd on Tuesday said it signed 14 'Fortune Hotels' and opened seven new properties under the brand in 2024-25, to further strengthen presence, especially tier II and tier III markets.

The new properties are located across emerging markets and gateway destinations and will further strengthen the brand's presence, especially tier 2 and tier 3 markets in the upscale to midmarket category, the company said in a statement.

As of March 31, 2025, Fortune brand had a portfolio of 78 hotels comprising 56 operational hotels across India and Nepal with 22 hotels in pipeline, it added.

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Category: BusinessFinance

Markets: IndiaChadNepal

Topics: India hospitality industry Tier 2 tier 3 markets Hotel openings india Fy25 hotel openings Fortune hotels Itc hotel growth Itc fortune expansion Fortune hotels nepal New hotel signings Itc hotels

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 17:37:49 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 298 words

Reading Time: 2 minutes read

Sentences: 9 lines

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Copyright Owner: © Business Standard

News ID: 28148048

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