ITC Hotels has unveiled plans to construct a new hotel in Vishakhapatnam, Andhra Pradesh, with an estimated investment of 328 INR-Crore.
The project marks the hospitality company’s first owned property in the coastal city, expanding its footprint in the region. The proposed hotel will feature 200 keys, offering a significant addition to Vishakhapatnam’s hospitality landscape. Construction is slated for completion by 2029, aligning with the city’s growing tourism and business appeal.
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Currently, ITC Hotels manages two properties in Vishakhapatnam under management contracts: Welcomhotel Devee Grand Bay with 104 keys and Fortune Inn Sree Kanya, managed through a wholly-owned subsidiary, with 68 keys. This new development, however, will be a fully owned venture, strengthening ITC’s presence.
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