ITC-Welcomgroup enters a new phase in its collaboration with
Starwood Hotels & Resorts through a new franchise agreement. ITC-Welcomgroup
will have an exclusive tie-up and partner Starwood in bringing in
its premium brand, the ‘Luxury Collection’, to India. The seven
hotels which will be part of this unique brand are: ITC Maurya in
Delhi, ITC Maratha in Mumbai, ITC Sonar Bangla in Kolkata, ITC Grand
Central in Mumbai, ITC Windsor in Bengaluru, ITC Kakatiya in
Hyderabad and ITC Mughal in Agra. The agreement further includes the
rebranding of WelcomHotel New Delhi as a Sheraton, while the Chola
and the Park in Chennai, and the Rajputana in Jaipur, will continue
to retain their Sheraton connections.
With this new tie-up, these ITC-Welcomgroup hotels will join the
list of exclusive properties that are part of Starwood’s ‘Luxury
Collection’. Globally recognized as a unique brand in the world, the
Luxury Collection consists of 60 premium properties spread across
the globe. The Luxury Collection brand philosophy of offering unique
experiences indigenous to their destination complements ITC-
Welcomgroup’s own ethos of being rooted in the Indian tradition of
warm, personalized service.
Commenting on the new agreement, Mr Y C Deveshwar, Chairman, ITC
Limited, said, “A three decade old relationship has been
strengthened and enriched in a new partnership. The ITC-Luxury
Collection exclusive arrangement recognizes ITC’s leadership in the
premium hotel segment and places it amongst the finest hotel chains
in the world. A new window to the world is now open to us, and
together with our aggressive growth plans in India, ITC is well
poised to meet the emerging needs of the discerning global traveller.”
S.S.H.Rehman Executive Director ITC Limited, in charge of Hotels,
Travel-Tourism & Foods, expressed his satisfaction, saying, “ We are
delighted to partner Starwood in bringing the premium ‘Luxury
Collection’ brand to India, while retaining the Sheraton connection.
ITC’s tie-up with Sheraton Hotels, came into being at a time when
India was just stepping into the sophisticated and virtually
unexplored business of hospitality. Lasting over almost three
memorable and extremely significant decades, the partnership may be
considered to have been an important link to international
acceptance and a global presence.”
The tie up with Sheraton Hotels, came into being on January 1st
1979, when the ITC-Welcomgroup chain consisted of just three hotels.
These were the Chola in Chennai (then Madras), the Mughal in Agra
and the Maurya in New Delhi. With the tie-up, these three hotels
added ‘Sheraton’ to their name, while the chain’s burgundy flag with
its distinctive ‘namaste’ logo, was thereafter partnered by the blue
Sheraton flag.
Mr. Miguel Ko, President of Starwood Hotels & Resorts, Asia Pacific
says, “India is the fastest-growing Asia Pacific market for
international visitor spending. Visitor spending in India has grown
at a phenomenal rate in the last few years, and this growth is
expected to accelerate significantly over the next few years. We are
thrilled to introduce the Luxury Collection brand to India and to
expand the footprint of the Sheraton brand in India. We are equally
excited to continue and expand our relationship with ITC Limited.
ITC and Starwood/Sheraton have had a strong and successful nearly
30-year relationship. During that time period, the India market
itself has changed and grown significantly. The introduction of the
Luxury Collection will offer savvy travelers unique experiences that
reflect the true essence of the destinations. The 7 new Luxury
Collection hotels will be a great complement to our impressive
portfolio of properties globally.”
