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ITC’s hospitality arm inks pact with Jolle Hospitality

24 Nov 2022 Evaluate

ITC’s hospitality arm -- ITC Hotels has partnered with Jolle Hospitality for a 116-room hotel in Belagavi in a bid to expand its footprint in south India. The hotel, spread over more than 5 acres, is currently under construction and is likely to be completed by 2024. It will be named ITC WelcomHotel Belagavi.

Located in the industrial area of Kakti, off NH-4 on the Pune-Bengaluru highway, the property is just 10 kilometers from the popular tourist spot Belagavi fort and easily accessible from India's first private aerospace special economic zone (24 kilometers), and Belagavi Airport (20 kilometres).

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

Peers
Company Name CMP
ITC 268.55
Godfrey Phillips Ind 1875.00
VST Industries 201.30
Indian Wood Products 38.80
NTC Industries 137.00
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