Park Hyatt Goa Resort Acquired In An Auction By ITC Hotels

Adding to it’s chain of hotels, the ITC Hotels have acquired Park Hyatt Goa Resort & Spa through an auction conducted by the Industrial Finance Corporation of India (IFCI) reports F&B News. The hotel was bought at the auction for Rs. 541 crore and the decision was backed by the Supreme Court.

Park Hyatt And ITC Hotels

“ITC is pleased to announce the latest addition to its luxury hotel portfolio in the hospitality landscape of Goa. This has been a long-awaited destination for ITC and we welcome the opportunity to be integrated into the multi-faceted culture and ethos of Goa,” said Nakul Anand, executive director, ITC in a statement according to the report by F&B News. The hotel in Goa is a 45 acre property and is located on the beachside.

“The addition is aligned with ITC’s vision of offering world-class Indian hospitality premised on ITC Hotels’ service philosophy of Atithi Devo Bhava. In order to ensure business continuity and seamless transition, the leadership team of ITC Hotels is at hand to support the current team of managers and associates. ITC Hotels has received tremendous support from key officials in the state government to ensure that we can recommence operations at the earliest and support the tourism goals of this great state,” adds Anand.