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ITC plans to set up overseas hotel at Colombo: Report

02 Feb 2016 Evaluate

ITC is reportedly planning to set up its first overseas hotel at Colombo, Sri Lanka in 2018. The Sri Lankan property will be a super-premium one and branded as ‘ITC’. The company is also exploring other overseas destinations such as Dubai, Far East nations and Europe.

ITC Hotels, whose commitment to responsible luxury has given it the unique distinction of being the greenest luxury hospitality chain in the world, has four brands. ‘ITC Hotels’ for the super premium luxury ones, ‘WelcomHotels’ for business and leisure travellers, ‘Fortune Hotels’ in the mid-market to upscale properties and ‘WelcomHeritage’ through which it runs a chain of palaces, forts, ‘havelis’ and resorts.

ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.

Peers
Company Name CMP
ITC 258.00
Godfrey Phillips Ind 1915.00
VST Industries 203.25
Indian Wood Products 35.35
NTC Industries 135.00
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