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 ITC Royal Bengal in Kolkata | |
| Company type | Public |
|---|---|
| NSE: ITCHOTELS BSE: 544325 | |
| Industry | Hospitality |
| Founded | 1975; 51 years ago (1975) |
| Headquarters | |
Number of locations | 70+ |
Area served | India, Sri Lanka |
Key people | Anil Chadha(MD & CEO) |
| Brands |
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| Revenue |  ₹3,103 crore (US$370 million) (FY2024)[2] |
| ₹765 crore (US$90 million) (FY2024)[2] | |
| Total assets | ₹8,765 crore (US$1.0 billion) (FY2024)[2] |
| Owner | ITC Limited (1975–2025) |
| Website | www |
ITC Hotels is an Indianhospitality company that operates and manageshotels. It has over 100 hotels and is India's third largest hotel chain.[citation needed] It has a franchise agreement to operate most of its hotels as part ofThe Luxury Collection ofMarriott International.
ITC Hotels was a subsidiary ofITC Limited until its demerger in 2025.[3]
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TheIndia Tobacco Company entered the hotel business on 18 October 1975, with the opening of theChola Hotel inChennai.[4] In 1979, as ITC's Welcome group hotel chain grew, it partnered withSheraton Hotels to brand many of their properties as Sheratons.[5]
Originally incorporated as Rama Hotels Pvt Ltd in 1972[6] and renamed Vishwarama Hotels in 1973, the Vazir Sultan Tobacco Co Ltd. (VST Industries) bought Vishwarama Hotels in 1980–1981 and soon after, in 1982, the first luxury hotel for the new chain opened inBangalore.
In 1984, ITC bought the entire equity capital from VST. In 1985, the Indian government awarded the hotel that would later become the ITC Gardenia a five-star rating. The company name was changed to ITC Hotels in 1986.[7]
ITC Hotels hosted many visiting royalty and world leaders, includingGeorge W. Bush,Vladimir Putin,Barack Obama[8][9][10] andDonald Trump.[11]
In September 2023,ITC Limited announced thedemerger of its hotel business.[12][13][14][15] The ITC Hotels demerger came into effect on 1 January 2025. Shareholders of ITC Limited were allotted one share of ITC Hotels for every 10 shares of the parent company.[16][17][18]
The group today operates under several distinct brands:[citation needed]
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