ITC Hotels, a renowned Indian hotel chain, is making waves with its plan to expand internationally following its demerger from parent company ITC. With a focus on neighbouring countries and West Asia, the company is set to list its shares on the NSE and BSE by mid-February 2025. This move comes after ITC allocated equity shares of ITC Hotels to shareholders, with one share given for every 10 ITC shares held.
Currently operating 140 properties with 13,000 rooms in India, ITC Hotels aims to grow its portfolio to over 200 hotels. The company operates through six brands and has a combination of owned and managed properties. The upcoming international expansion will follow a managed and franchisee model, leveraging ITC’s existing presence in Sri Lanka and Nepal.
Despite competition from established foreign players, ITC Hotels is confident in its strengths, including its reputation for hosting foreign dignitaries and its commitment to sustainability. With the world’s first 12 LEED certified net-zero carbon hotels, the company is well-positioned to make a mark on the global hospitality industry.
ITC will maintain a 40% stake in the demerged entity, while shareholders will own the remaining 60%. As the company prepares for its listing on the stock exchanges, investors and industry observers are closely watching the developments. With a strategic approach to international expansion and a strong brand reputation, ITC Hotels is poised for success in the global market.
In conclusion, the demerger of ITC Hotels from its parent company and the subsequent international expansion represent a significant milestone for the company. With a clear growth strategy and a focus on sustainability and quality, ITC Hotels is well-positioned to make a mark on the global hospitality industry. Stay tuned for more updates on this exciting development in the coming weeks.
