ITC LIMITED RENEWS ITS PARTNERSHIP OF NEARLY 4-DECADES WITH STARWOOD HOTELS & RESORTS
Agreements signed for 12 existing hotels and 3 new ITC Luxury Collection hotels- ITC Limited and Starwood Hotels & Resorts (NYSE:HOT) recently announced that they have signed agreements to extend their existing partnership for 11 ITC Luxury Collection hotels and 1 hotel under the Sheraton brand. Further strengthening their partnership, the two also announced 3 upcoming 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 take the inventory up to 15 hotels, over the next 4 years.
Speaking on the extension of the partnership, Nakul Anand, Executive Director, ITC Limited said, “ITC’s hotels exemplify our commitment to create world-class Indian brands that demonstrate global competitiveness.”
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