The India Tobacco Company entered the hotel business on 18 October 1975, with the opening of the Chola Hotel in Chennai.[4] In 1979, as ITC's Welcome group hotel chain grew, it partnered with Sheraton Hotels to brand many of their properties as Sheratons.[5]
Originally incorporated as Rama Hotels Pvt Ltd in 1972[6] and renamed Vishwarama Hotels in 1973, the Vazir Sultan Tobacco Co Ltd. (VST Industries) bought Vishwarama Hotels in 1980–1981 and soon after, in 1982, the first luxury hotel for the new chain opened in Bangalore.
In 1984, ITC bought the entire equity capital from VST. In 1985, the Indian government awarded the hotel that would later become the ITC Gardenia a five-star rating. The company name was changed to ITC Hotels in 1986.[7]
In September 2023, ITC Limited announced the demerger of its hotel business.[12][13][14][15] The ITC Hotels demerger came into effect on 1 January 2025. Shareholders of ITC Limited were allotted one share of ITC Hotels for every 10 shares of the parent company.[16][17][18]
Philosophy
The hotel chain works on a philosophy of "Responsible Luxury"[19] and each hotel in the chain has a LEED (Leadership in Energy and Environmental Design) Platinum rating.[20]
Originally incorporated as Rama Hotels Pvt Ltd in 1972[21] and renamed Vishwarama Hotels in 1973, the Vazir Sultan Tobacco Co Ltd. (VST Industries) bought Vishwarama Hotels in 1980–1981 and soon after, in 1982, the first luxury hotel for the new chain opened in Bangalore.
Brands
The group today operates under several distinct brands:[citation needed]
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₹3,103 crore (US$370 million) (FY2024) [2] 
