ITC and Starwood Extend Partnership
ITC, a diversified business group with interests in consumer goods and hotels, and American hotel chain Starwood Hotels & Resorts have extended their four-decade old partnership for the latter's Luxury Collection brand in India. The partnership currently includes 11 ITC Luxury Collection properties and 1 hotel under the Sheraton brand.
“Starwood is experiencing strong growth momentum in India with signings of new hotels in the past 12 months representing nearly 30% of our current operating footprint in the country. India remains one of our fastest growing markets and much of our success can be attributed to our long, collaborative partnership with ITC," Thomas Mangas, CEO, Starwood Hotels and Resorts, said. ”We are pleased to further strengthen our alliance with three upcoming ITC luxury hotels in Kolkata, Hyderabad and Ahmedabad, which will be an archetype of the culture and region they are located in,” said Nakul Anand, executive director, ITC. The addition of the ITC Kohinoor in Hyderabad, ITC Narmada in Ahmedabad and ITC Royal Bengal in Kolkata will take the inventory up to 15 hotels over the next four years. —Our Bureau