ITC Hotels inks 101-key Welcomhotel in Gandhinagar, deepens Gujarat play
ITC Hotels has signed a management agreement for a 101-key Welcomhotel in Karai, Gandhinagar, spread across nine acres with 10,000 sq ft of indoor banqueting and 46,000 sq ft of outdoor lawns. The property targets the wedding and MICE circuit and is slated to open within 2025.
ITC Hotels signed a management agreement for a 101-key Welcomhotel in Karai, Gandhinagar, on a nine-acre site with banqueting and wedding lawns, expanding its Gujarat hospitality footprint. The property is scheduled to open within this year.
Why this matters
Follows ITC Hotels' Rs 175 cr Zuri Hotels acquisition, signaling aggressive portfolio expansion. The Welcomhotel signing leans into wedding/MICE demand as luxury hospitality pivots toward experiences amid 75% occupancy.
Store-openings remain steady with 335 signals tracked across the last 90 days.