New Delhi, May 20 (PTI) ITC Hotels on Tuesday announced the signing of an agreement with KAC Palm Exotica Hotels Private Limited to launch the 155-key 'Welcomhotel Shankarpally' in the Hyderabad market, increasing its presence in the state of Telangana.
The signing marks the foray of the brand 'Welcomhotel' into Telangana. ITC Hotels operates two hotels in Hyderabad; ITC Kakatiya with 188 keys and ITC Kohenur with 274 keys.
Anil Chadha, Managing Director, ITC Hotels Limited said, "We embarked on the asset right strategy with the objective of reaching deeper in tier 2 and tier 3 markets offering travellers local and immersive experiences".