ITC to open 25 new hotels

ITC, the Kolkata-based tobacco and cigarettes major, will open 25 new hotels under the Fortune brand during the next 12-18 months. “Fortune is one of the fastest growing brands for the company. The brand has suffered the least even during the downturn last year, where our luxury and premium brands did take a hit. We will look to further have more properties under its fold,” said Pawan Verma, senior executive vice-president, hotels division, ITC.