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ITC: Enduring Value

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ITC Ltd. announces the Foundation Stone Laying ceremony of 'My Fortune, Guntur' 29 Apr 2016

commemorating a new chapter in the tourism landscape of Andhra Pradesh

The Hon'ble Chief Minister  of Andhra Pradesh, Shri Nara Chandrababu Naidu laid the foundation stone of the 144-keys upscale  hospitality destination in  Guntur, which will be called the 'My  Fortune, Guntur' and is a part of ITC’s hotel group. Mr. Y C Deveshwar, Chairman ITC, one of India’s largest  multi-business enterprises was also present on the occasion.

With a prime location on Ring Road, the hotel covering an expanse of over  1.44 acres will cater to the diverse needs of discerning travellers to the city  with its services and facilities that include a 5000 sq. ft. pillar-less  ballroom that can accommodate upto 500 guests, an all- day dining restaurant, a  specialty restaurant showcasing ITC’s culinary excellence, a bar and a deli. In addition,  the Wellness Zone will be equipped with a state-of-the-art gymnasium and a  world-class spa. The hotel is expected to commence operations in 2019 and is  aimed at attracting high end business travellers and provide Guntur a top-end  hospitality destination.

The hotel will be part of  the ‘My Fortune’ exclusive brand which is positioned in the upscale segment, at the top end of the brand pyramid of Fortune. A member of ITC’s hotel group, the hotel will exemplify best in class,  full-service stylish hotel, with young, vibrant and tech- enabled features.  Other exclusive ‘My Fortune’ hotels include hotels in Chennai and Bengaluru.

Guntur has gained strategic  importance as it is located within the intended  capital region of the new state of Andhra  Pradesh. This prospect  holds promising opportunity for 5 star hotels  and ‘My Fortune, Guntur’ is poised to redefine the hospitality landscape of the region  with an upscale offering.  In addition, the proposed new airport located  15 km from Guntur will make the hotel easily accessible.

© ITC Limited