India Tourism Development Corporation (ITDC) has signed an agreement with the Government of Karnataka, on May 25, 2018. The agreement is for transfer of Hotel Lalitha Mahal Palace, Mysore to Government of Karnataka on a consideration amount of Rs 7.45 crore.
ITDC has been the prime mover in the progressive development, promotion and expansion of tourism in the country. The company is running hotels, restaurants at various places for tourists, besides providing transport facilities.