ITC Hotels acquires Park Hyatt Goa Resort & Spa as part of IFCI auction

ITC Hotels acquires Park Hyatt Goa Resort & Spa
28 November, 2018

Luxury hospitality chain ITC Hotels Wednesday said it has acquired Park Hyatt Goa Resort and Spa. The acquisition is a part of an auction held by Industrial Finance Corporation of India (IFCI) for Rs 541 crore in 2015, and upheld by the Supreme Court in its March 19, 2018 judgement, ITC Hotels said in a statement. The property spread across 45 acres is currently under minor renovation to comply with all the ITC's exemplary sustainability practises, it added. "ITC is pleased to announce the latest addition to its luxury hotel portfolio in the hospitality landscape of Goa," ITC Executive Director Nakul Anand said.

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