Advertisement
The Gulf conflict has disrupted global supply chains, pushed...
REITs have changed the way commercial real estate is owned a...
What does it take to preserve a real estate legacy while bui...
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
ITC Hotels Limited has signed a management agreement with Waterwoods Lodge and Resorts Pvt Ltd for a 22-key boutique retreat under its Storii by ITC Hotels brand in Swaraj Dweep, formerly Havelock Island, in the Andaman & Nicobar Islands. Announced on August 25, the agreement marks Storii’s entry into the Union Territory and expands ITC Hotels’ presence in India’s leisure hospitality segment. The proposed retreat will include rooms and suites along with an all-day dining restaurant, bar, swimming pool, fitness centre, spa and children’s play area. The property is planned around the island’s natural setting and leisure appeal. The signing comes as ITC Hotels continues to expand its portfolio across leisure destinations, with more than 155 properties and over 14,200 keys across India, Sri Lanka and Nepal.
ITC Hotels Limited has signed a management agreement for a 22-key boutique retreat under its Storii by ITC Hotels brand in Swaraj Dweep, formerly known as Havelock Island, in the Andaman & Nicobar Islands. The agreement, announced on August 25, marks the hospitality company’s entry into the Union Territory under its premium boutique Storii brand and adds to its growing portfolio of leisure properties.
The property will be developed as an intimate retreat designed around Swaraj Dweep’s natural surroundings, including its beaches, waters, tropical landscape and marine biodiversity. The resort is planned to comprise rooms and suites, with facilities including an all-day dining restaurant, bar, swimming pool, fitness centre, spa and children’s play area.
The management agreement has been signed with Waterwoods Lodge and Resorts Pvt Ltd. ITC Hotels said the property would be positioned to reflect the island’s natural environment and leisure character while providing a range of accommodation and hospitality facilities.
Anil Chadha, managing director of ITC Hotels Limited, said Swaraj Dweep had emerged as a sought-after leisure destination because of its natural attractions and distinctive visitor experiences. He said the signing was aligned with the company's strategy of expanding into leisure markets through properties connected to their surrounding environment, while adding that the company looked forward to bringing the Storii brand to the Andaman & Nicobar Islands.
Arjun Kapoor, director of Waterwoods Lodge and Resorts Pvt Ltd, said the company was collaborating with ITC Hotels on the project as Swaraj Dweep continued to attract visitors interested in nature, adventure and relaxation. He said the proposed property was intended to reflect the character of the Andaman Islands.
The signing strengthens ITC Hotels’ leisure portfolio and expands its brand presence into a new geographical market. The company said Storii Havelock would offer an island-focused hospitality experience while contributing to the development of the region’s hospitality offering.
ITC Hotels currently operates more than 155 hotels with over 14,200 keys across more than 95 destinations in India, Sri Lanka and Nepal. Its portfolio spans seven brands, including ITC Hotels and Mementos in the luxury segment, Epiq Collection in the premium segment, Welcomhotel in the upper-upscale category, Storii in the premium boutique segment, Fortune in the mid-market to upscale segment and WelcomHeritage in heritage leisure.
Founded in 1975, ITC Hotels has expanded from a single property into one of India’s major hospitality chains. The company said it has focused on service, culinary innovation, sustainability and Indian cultural heritage as part of its operations. ITC Hotels is listed on the BSE and NSE and has continued to expand its presence across hospitality and leisure markets.
Advertisement
Facebook
Whatsapp
