Fortune Park Hotels, a member of ITC’s hotel group, will be opening five properties with over 375 rooms in India by the end of next year, as part of its robust expansion plans in the country.
The company has 38 operating hotels with around 2,900 rooms across 34 cities of India.
“Apart from opening five hotels with over 375 rooms across four cities of India from our active pipeline by the end of December 2022, we are in advanced negotiations for a few more projects, some of which are anticipated to open before the end of next year,” Fortune Park Hotels managing director Samir MC said.
These five hotels will be — Fortune Resort Benaulim Goa, Fortune Park in Hoshiarpur (Punjab), Fortune Park in Tirupur (Tamil Nadu), Fortune Select in Goa and a Fortune Inn in Haldwani (Uttarakhand), he added.
On the company’s business model, Samir said, “While our primary model is on managed hotels, we continue evaluating different operating models, including franchise model.”
Fortune Park Hotels was set up in 1995 to cater to the mid-market to upscale segment in business and leisure destinations.