ITC launches Kohenur, plans to invest 25,000 Rs crore in segments – The New Indian Express

By Express News Service

HYDERABAD: ITC Hotels has launched its luxury luxury hotel ITC Kohenur in Hyderabad. With an investment in the order of Rs 775 crore, the hotel has 271 rooms, suites and apartments with high tech services, six restaurants, meeting spaces and conventions.

With the launch, the total number of ITC hotels in India increased to 107, with a capacity of about 9,500 rooms. It plans to add 24 hotels and 2,500 additional rooms over the next five years.

"The ITC hotel group operates under four brands" ITC Hotel "in luxury: WelcomHotel in the five-star segment, Fortune in the middle-upscale market and WelcomHeritage in the heritage entertainment segment. we have 107 hotels with a capacity of about 9,500 rooms, we will launch 24 new hotels in various categories, both owned and managed over the next five years, adding 2,500 additional rooms and bringing the total number to 131 hotels and 12,000 rooms, "said Sanjiv Puri, MD, ITC Limited.

The hotel chain will focus more on" managed "hotels than on" owned "hotels, according to Puri, explaining that the ITC group has reserved investments of about Rs. 25,000 crores for the launch of new projects and the increase of capacity of existing ones, in sectors such as the hotel industry, food processing, l manufacturing paper and cardboard, among others.

"We would invest about 25,000 rupees over the next five years in all the sectors we are in. An important part of this will be in the tourism and food processing sectors.We will invest more than Rs 10,000 crore In the food processing sector alone, we plan to set up 20 integrated manufacturing and logistics centers in India, and we have already started two facilities in West Bengal and Punjab, Puri said. ITC had invested 2,500 crores of rupees in Telangana over the past four years and a similar amount is being made for the establishment of an integrated remote handling system. logistics in Medak and increased efficiency and increased capacity of Bhadrachalam's paper-making plant.
The integrated fabr factory ication of ITC consumer goods and logistics in Telangana will be used to make its brands like Aashirvaad, Sunfeast, Bingo!, YiPPee! and others. The facility extends over 59 acres.