ITC Hotels Celebrates Major Milestone with Welcomhotel Expansion

ITC Hotels Celebrates Major Milestone with Welcomhotel Expansion

By Nithyakala Neelakandan

Published on July 28, 2024

ITC Hotels, India's leading hospitality chain, has reached a significant milestone with the opening of its 25th property under the Welcomhotel brand. The newest addition, Welcomhotel Belagavi in Karnataka, reflects ITC Hotels’ strategy to expand while maintaining exceptional service and hospitality standards.

The Welcomhotel brand has become a key driver for ITC Hotels’ growth. Over the past five years, the brand has opened seven managed hotels and three owned properties, adding a total of 916 rooms. In the most recent financial year, four new management deals with 406 rooms were signed, with these properties expected to open within the next four to five years.

Anil Chadha, Chief Executive of ITC Hotels, highlighted the significance of this expansion, stating, “The expansion of the Welcomhotel brand is a significant achievement for ITC Hotels. Welcomhotel is the new age travellers’ key to curated immersive experiences. Present in locations ranging from hills to beaches, and deserts to cities, the opening and signing of more properties under the brand Welcomhotel is aligned with ITC Hotels’ asset right growth strategy to take our brand and services to tier-2 markets in addition to prime metro cities. Welcomhotel Belagavi, our 25th property, embodies our endeavour to create unparalleled hospitality experiences, ensuring that guests enjoy a stay that is both luxurious and in harmony with the environment. We look forward to continuing this journey of growth and excellence.”

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Located in the serene area of Kakati, Welcomhotel Belagavi offers stunning views of hills and greenery. This new property spans over five acres and is conveniently located near the airport, making it a prime destination for both leisure and business travelers. The hotel features 116 well-appointed rooms, each with a balcony offering peaceful views of the landscape.

The architecture and interior design of Welcomhotel Belagavi reflect the local beauty and vibrant lifestyle of Belagavi, blending classic and contemporary elements. Emphasizing geometric shapes and large windows, the design ensures natural light floods the spaces. The interiors celebrate Belagavi's monsoon rains with art pieces, a water droplet sculpture, and a crystal chandelier.

The hotel caters to various events with nine versatile venues, including two grand ballrooms, a conference room, an open sky deck, and three lush lawns, making it an ideal location for weddings and business gatherings.

Welcomhotel Belagavi offers diverse dining options. WelcomCafe serves global and regional Indian cuisine all day, while Dough & Co. provides freshly baked treats and beverages. Swizzle Bar offers classic and signature cocktails with finger food. The WelcomSthalika menu features curated dishes from North Karnataka, showcasing the region's culinary heritage.

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Guests can also enjoy a well-equipped fitness center, an outdoor infinity swimming pool, and the renowned K by Kaya Kalp spa, offering traditional therapies for a rejuvenating experience.

Basava Prasad Jolle, Managing Director of Jolle Hospitality Group, expressed pride in the new addition, stating, “Brand Welcomhotel is very popular with guests and we are extremely proud to bring Welcomhotel Belagavi to this city, which boasts a rich cultural heritage and is also a prominent business destination. This hotel is a perfect blend of modern amenities and local cultural elements, providing our guests with a unique and enriching experience.”

Focusing on sustainability, inclusivity, and innovation, ITC Hotels continues to lead the hospitality industry, providing exceptional stays that honor tradition and the environment. The expansion of the Welcomhotel brand across India exemplifies the brand's focus on strategic growth and commitment to excellence. As ITC Hotels grows its footprint, guests can look forward to more unique and enriching experiences blending contemporary luxury with local cultural elements.


Hyatt Hotels to Sell Playa’s Real Estate Portfolio for $2 Billion

Hyatt Hotels to Sell Playa’s Real Estate Portfolio for $2 Billion

By Nishang Narayan

Published on July 5, 2025

Hyatt Hotels is doubling down on its asset-light strategy with a major move—selling Playa Hotels’ real estate portfolio to Tortuga Resorts for $2 billion. This follows Hyatt’s acquisition of Playa in February for $2.6 billion, including debt. Playa operates 24 luxury all-inclusive resorts across Mexico, Jamaica, and the Dominican Republic.

The sale covers 15 of Playa’s resort assets, effectively reducing Hyatt’s net purchase price for the remaining Playa business to around $555 million. The deal, still pending regulatory nods in Mexico, is expected to close before the end of 2025.

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As part of the arrangement, Hyatt and Tortuga will enter into 50-year agreements for these properties, allowing Hyatt to continue managing the resorts. Thirteen of the resorts will operate under Hyatt’s standard management fee structures, with two under separate agreements.

Hyatt CEO Mark Hoplamazian called the move transformational, noting it turns the Playa acquisition into a fully asset-light transaction. "It also ramps up our fee-based earnings," he added. Hyatt now anticipates its asset-light earnings mix could hit at least 90% by 2027.

Analysts view the swift real estate divestment positively, seeing it as a smart way for Hyatt to stay nimble while bolstering returns. Proceeds from this deal will primarily go toward repaying loans taken to finance the Playa buyout.


Novotel Visakhapatnam Varun Beach Earns Green Key Certification

Novotel Visakhapatnam Varun Beach Earns Green Key Certification

By Nishang Narayan

Published on July 5, 2025

Novotel Visakhapatnam Varun Beach, a flagship Accor property, has proudly announced that it has been awarded the Green Key Certification, a globally recognised eco-label that underscores excellence in sustainable tourism and hospitality.

Granted by the Foundation for Environmental Education (FEE)—one of the world’s leading environmental education organisations and recognised by the Global Sustainable Tourism Council (GSTC)—the certification marks a significant milestone in the hotel’s ongoing efforts to integrate eco-friendly practices without compromising guest comfort or luxury.

Lakshmi Sridhar, General Manager, Novotel Visakhapatnam Varun Beach, said, “At Novotel Visakhapatnam Varun Beach, we believe that sustainability is not just a responsibility, but a way of life. Being Green Key certified reinforces our commitment to offering eco-conscious experiences that align with global environmental standards.”

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The hotel has rolled out various impactful initiatives, from using clean, renewable energy and implementing robust waste management practices to driving water conservation, enhancing energy efficiency, and sustainably sourcing products. These measures are designed to benefit not only the environment but also the local community.

As travel trends increasingly lean towards conscious luxury and responsible tourism, this certification positions Novotel Visakhapatnam Varun Beach as a leader in sustainable hospitality in India.


IHCL to Open New Vivanta in Anjuna, Strengthening Goa Portfolio

IHCL to Open New Vivanta in Anjuna, Strengthening Goa Portfolio

By Nishang Narayan

Published on July 5, 2025

Indian Hotels Company (IHCL), India’s largest hospitality player, has announced the signing of a new Vivanta property in Anjuna, Goa. This greenfield project marks another step in IHCL’s strategy to grow its presence across key leisure destinations in India.

Strategically located in Anjuna, celebrated for its vibrant culture and beaches, the upcoming Vivanta Anjuna, Goa will feature 110 well-appointed rooms. Guests can look forward to an array of facilities including an all-day diner, a bar, a swimming pool, a fully equipped gym, and modern conference spaces, catering to both leisure and business travellers.

Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL, shared, “IHCL has been at the forefront of pioneering destinations and has played a defining role in putting Goa on the global tourism map for over five decades. This signing is in line with our strategy to expand IHCL’s presence across segments in key leisure markets. We are delighted to strengthen our partnership with Fiesta Hotels with this new project.”

The hotel is being developed by Fiesta Hotels Pvt. Ltd., led by directors Ravinder Kumar, Manju Vardhan, Raj Vardhan, Harsh Vardhan, Gagan Garg, and Gaurav Garg, who have deep investments in real estate and hospitality. Ravinder Kumar, Director, Fiesta Hotels Pvt. Ltd., said, “We are proud to collaborate with IHCL through the addition of our second hotel in Goa. It stands as a testament to our shared vision to deliver exceptional experiences in one of India’s most cherished destinations.”

Goa continues to attract travellers with its sun-soaked beaches, Portuguese-era architecture, thriving culinary and music scene, and vibrant local communities. With this signing, IHCL’s Goa portfolio grows to 18 hotels, including five under development, underscoring its long-standing commitment to shaping Goa’s tourism landscape.

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