News

Adyar Gate Hotel and ITC to part ways

  • One of the oldest five-star
    properties in Chennai, Sheraton Park Hotel & Towers will soon morph into an
    InterContinental hotel.

  • With promoter Adyar Gate
    Hotel Ltd (AGHL) deciding to part ways with ITC, the 300-room five-star hotel
    will soon cease to be an ITC property. 
    The property is well-known for its food and beverage outlets such as

    • One of the oldest five-star
      properties in Chennai, Sheraton Park Hotel & Towers will soon morph into an
      InterContinental hotel.

    • With promoter Adyar Gate
      Hotel Ltd (AGHL) deciding to part ways with ITC, the 300-room five-star hotel
      will soon cease to be an ITC property. 
      The property is well-known for its food and beverage outlets such as
      Dakshin, The Regency, Dublin, On The Rocks and The West Minister, will soon
      cease to be an ITC property.


    • Though industry sources
      confirmed this development, Bharat Goyal, Managing Director, AGHL, could only
      say the company has decided to part ways with ITC, and has been in talks with a
      couple of international brands to run the hotel. “I can confirm the new brand
      in the next few days,” he told
      BusinessLine.

    • According to sources, the
      split could be because of a conflict of interest between AGHL and ITC. “ITC is
      keen on driving traffic to its own 600-room property ‘Grand Chola’ in the city,
      rather than to this hotel,” said a senior industry executive.

    • Anil Chadha, Area Manager
      South and General Manager, Grand Chola, said he was not aware of this
      development. “All I know is that the contract between Adyar Gate and ITC is due
      for renewal,” he said.

    • Once AGHL parts ways, the
      ITC chain will operate with three properties in the city – Grand Chola, My
      Fortune and Fortune Select Palms.

    • Goyal said the contract with
      ITC to manage AGHL’s soon-to-be-launched beach resort ITC Vilasa on East Coast
      Road in Chennai remains valid.
    •  

     

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