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ITC extends partnership with Starwood Hotels and Resorts

08 Apr 2016 Evaluate

ITC and Starwood Hotels and Resorts have signed an agreement for extending their existing partnership for 11 ITC Luxury Collection hotels and one hotel under the Sheraton brand. Strengthening their partnership further, the two partners also announced three upcoming ITC hotels under Starwood's 'The Luxury Collection' brand in India.

Also, three new hotels - ITC Kohinoor in Hyderabad, ITC Narmada in Ahmedabad and ITC Royal Bengal in Calcutta will be part of the Luxury Collection brand in India, thus increasing the total inventory to 15 hotels over the next four years.

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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