ITC Hotels on the Rise: Targeting 18,000 Keys in Five Years

ITC Hotels on the Rise: Targeting 18,000 Keys in Five Years

By Author

Published on December 21, 2023

ITC Hotels, a major player in India’s hospitality sector, has unveiled an ambitious plan to significantly expand its room inventory over the next five years. As per the recent report by Business Standard, the conglomerate aims to boost its hotel room count by 50%, targeting a total of 200 hotels with 18,000 keys by 2028.

Currently, ITC Hotels boasts a portfolio of 12,000 rooms across 131 hotels in 80 destinations. This growth trajectory is part of the company's strategic focus, announced during its institutional investors and financial analysts event on December 12.

A noteworthy aspect of this expansion is the emphasis on managed hotels. Two-thirds of the new inventory is expected to fall under the managed portfolio, a significant increase from the current 50%. ITC has a pipeline of 35 managed hotels with over 3,200 keys in the works.

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This expansion also includes a shift in the premium segment of the company’s offerings. Over the next five years, premium hotel keys are projected to comprise 45% of the total managed portfolio, up from the current 30%.

Additionally, ITC is exploring greenfield and brownfield projects to add around 300 rooms. In the past 24 months, the company has opened 22 hotels, capitalizing on the post-pandemic boom in the hospitality sector. With foreign tourist numbers still 85% below pre-pandemic levels, ITC anticipates a significant surge in demand.

The company's hotel segment reported record-high performance in the second quarter of this financial year, with revenues and pre-tax profits witnessing a substantial increase.

Under its Next strategy, ITC is focusing on scaling up and increasing profitability across its business verticals, with plans for innovation, exports, and acquisitions. The hotel brand profile of ITC includes luxury, upper upscale, boutique, mid and upscale, and heritage categories.

Furthermore, a demerger of the ITC Hotels Co. is on the horizon, with the board of directors approving a scheme of arrangement for the demerger of the hotel business. The new entity is expected to be listed within 15 months and will continue to use the ITC brand name.

In addition to hotel expansion, the company is also scaling up its food and beverage business, with new restaurant openings reported by ndtvprofit.com.


Central Park Resorts Rings in 2026 with Glitz, Gourmet Feasts, and Live Entertainment

Central Park Resorts Rings in 2026 with Glitz, Gourmet Feasts, and Live Entertainment

By Hariharan U

Published on January 7, 2026

Central Park Resorts, Sohna Road, Gurugram, hosted an extravagant New Year’s Eve celebration to welcome 2026, combining high-energy entertainment, gourmet cuisine, and family-friendly experiences for residents and guests.

Themed ‘Glitz and Glam’, the evening kicked off with a lively DJ troupe and traditional dhol performances, creating a vibrant, festive atmosphere. Punjabi singer Sara Gurpal added to the energy with a dynamic performance, while Punjabi pop star Parmish Verma headlined the event at 11:30 PM, ushering in the New Year with a spectacular show.

A highlight of the evening was the lavish culinary spread featuring over 200 dishes from Indian regional cuisines—Kashmiri, Punjabi, Rajasthani, South Indian, and Mughlai—as well as Chinese, Thai, Mediterranean, and Continental fare. Guests also enjoyed live Delhi 6 and Mumbai chaat counters, a dedicated salad island, and an extensive dessert showcase combining European and Indian sweets. The venue included themed photo corners and senior citizen zones to ensure a comfortable, enjoyable experience for all age groups.

Approximately 2,500 residents and guests attended the celebration, experiencing premium hospitality, world-class entertainment, and a vibrant sense of community.

Commenting on the celebration, Rajit Sardana, President, Hospitality, Central Park, said, "We were delighted to host a celebration of this scale for our residents. At Central Park, creating memorable experiences is at the heart of our hospitality philosophy. This New Year’s Eve combined entertainment, gourmet cuisine, and a safe, family-focused environment, allowing residents to welcome 2026 with joy, comfort, and world-class service."

The event reinforced Central Park’s commitment to lifestyle-driven experiences, blending luxury, community engagement, and bespoke hospitality well beyond traditional residential living.

About Central Park
Central Park Estates, part of the Bakshi Group of Enterprises, is a leading Gurugram-based real estate developer with expertise across real estate, infrastructure, hospitality, and automotive sectors. Known for luxurious homes and hospitality experiences, Central Park delivers concept-based residential projects such as Delphine at Dwarka Expressway, Central Park at Golf Course Road, Central Park Resorts, Belaperla & Belanova, Central Park The Room, and Central Park Flower Valley, offering residents premium lifestyle and curated community experiences.


Royal Orchid & Regenta Hotels Strengthens Rajasthan Presence with Jodhpur Signing

Royal Orchid & Regenta Hotels Strengthens Rajasthan Presence with Jodhpur Signing

By Hariharan U

Published on January 5, 2026

Royal Orchid & Regenta Hotels Ltd. (ROHL) has announced the signing of a new leisure-focused property in Jodhpur, Rajasthan, further expanding its presence in culturally significant destinations across the country. The upcoming Regenta Hotel, Jodhpur will be operated under a hotel management agreement, in line with the group’s asset-light growth strategy.

The 200-key all-suite hotel is strategically located near the Jodhpur High Court at Shatabdi Circle on New Pali Road, offering convenient access to key commercial hubs as well as the city’s prominent heritage attractions. Spread across 3,623 square metres, the property is being developed as a destination-led leisure hotel designed for longer stays and immersive experiences in the Blue City.

Regenta Hotel, Jodhpur will feature expansive conference and banquet facilities, a lobby bar, an all-day dining restaurant, and a rooftop pool bar. With its versatile event infrastructure and leisure-driven amenities, the hotel is positioned to cater to destination weddings, celebrations, premium social gatherings, and corporate events alongside leisure stays.

The project is being developed in partnership with Jodhana Real Home Private Limited & Shreeyukt. The hotel will offer spacious suite accommodations, curated dining experiences, comprehensive banqueting spaces, and wellness-oriented amenities, making it well-suited for leisure travellers and high-end social and destination events.

Banquet facilities will include a 6,000 square feet banquet hall connected to a 4,000 square feet open terrace, an additional 4,000 square feet banquet hall, and three breakaway rooms measuring approximately 2,500 square feet each.

Commenting on the signing, Chander K. Baljee, chairman & managing director, Royal Orchid & Regenta Hotels Ltd., said, “Jodhpur continues to be a key market for us, driven by strong tourism demand and an evolving hospitality landscape. The signing of Regenta Hotel, Jodhpur aligns seamlessly with our vision of expanding high-quality leisure offerings in heritage cities through an asset-light model. We are confident this property will further strengthen our portfolio in Rajasthan and deliver a distinctive hospitality experience.”

Speaking on the association, Suresh Bharti, owner, Jodhana Real Home Private Limited, said, “We are delighted to partner with Royal Orchid & Regenta Hotels for the Regenta Hotel project. Their proven operational expertise and strong brand credentials make them the ideal partner to introduce a premium all-suite leisure hotel in Jodhpur. Together, we aim to create a destination that blends comfort, elegance, and world-class service.”


Migsun Group Signs Clubhouse for 200-Key Hotel in Lucknow

Migsun Group Signs Clubhouse for 200-Key Hotel in Lucknow

By Hariharan U

Published on January 5, 2026

Migsun Group has signed hospitality brand Clubhouse to develop and operate a 200-key hotel at its mixed-use project, Migsun Janpath, in Lucknow. The agreement has been structured as a long-term 28-year revenue share lease, marking a strategic addition to the company’s growing portfolio of income-generating assets.

The hotel forms part of Migsun Janpath’s planned development mix, which brings together retail, commercial, and lifestyle components. With Lucknow witnessing steady growth in organised hospitality and mixed-use developments, the upcoming property is expected to cater to business travellers, social gatherings, and leisure demand.

Commenting on the development, Yash Miglani, Managing Director of Migsun Group, said, “The signing of Clubhouse is aligned with our strategy of adding stabilised, income-generating assets to our mixed-use developments. Lucknow has been witnessing consistent demand across business, social, and leisure travel, which creates a strong quality case for well-located hotels. The 28-year revenue share structure ensures long-term alignment between developer and operator while allowing the asset to respond to market changes over time. We believe this addition will strengthen the overall project ecosystem and contribute meaningfully to the city’s evolving hospitality landscape.”

The addition of Clubhouse is expected to enhance Migsun Janpath’s positioning as a destination that seamlessly integrates retail, leisure, and stay experiences, adding a strong hospitality dimension to the overall project.

Migsun Group has delivered over 40 projects across the NCR region and is recognised for its focus on quality, innovation, and timely delivery. With a robust pipeline of upcoming developments, the Group continues to expand its presence while strengthening its position in India’s real estate and mixed-use development space.

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