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Public Sector Tourism Group - ITDC Intends To Authorise the Realty Group and Private Hotels to be its Associates

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ITDC group are taking a concrete step by roping in realty segment and hotel firms to be their group associates. Introducing a trademark scheme “Ashok Alliance” its associates could use the trademark and gain knowledge to conduct activities in line with ITDC group. The said associate would contribute a substantial amount of income it earned using the above trademark to ITDC which in turn would boost the income of ITDC.
Mr. Kuldip Verma ITDC’s VP states at the www.propertykhazana.com that he intends to increase the number of hotels using this trademark to 18 and as such consultations are going on to bring into its fold more number of hotels. As of now they have located two realtors i.e. one from Surat and another from Chandigarh who could use the trademark in executing the projects. The group planning to raise the number of hotels under the said trademark wants to go ahead in starting the same at different places such as 3 at West Bengal and one each in Manesar, Coorg and Malaut, Punjab. In all it intends to raise by a total of 33 hotels.
Earlier the group had pooled in Rs. 146 crores for renovation of their group hotels comprising of Ashok, Samrat and Janpath Hotels for the purpose of Commonwealth Games held at New Delhi and then these hotels were named as ‘Games Family Hotel’ with around 680 rooms in its possession. The group is also contemplating to renovate its hotels at different locations, added the source at www.propertykhazana.com.
Out of a total of 34 hotels which was under its possession, the group sold 18 to private alliances as per disinvestment schemes of government and as such it now owns only 16 hotels and has further aims of developing the same. For more and latest Indian realty updates browse www.propertykhazana.com.
Source: NBTVLIVE

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