For the complete fiscal 12 months 2026, ITC Motels reported consolidated income from operations of Rs 4,139 crore, up 16%, and a web revenue of Rs 821 crore, up 29% 12 months on 12 months. The chain stated the fiscal 12 months noticed its ‘highest-ever’ signings with 33 inns spanning over 3,300 keys. The chain’s managed inns pipeline encompasses 67 inns with 6,700 keys.
ITC Motels has additionally signed definitive agreements for the acquisition of a luxurious resort in Kumarakom, Kerala.
The corporate will purchase a 100% stake in Zuri Motels & Resorts Personal Restricted (ZHRPL), which owns The Zuri Kumarakom, Kerala Resort & Spa, at an enterprise worth of Rs 205 crore, on a debt-free and cash- free foundation, topic to customary changes as per the definitive agreements. The chain stated the acquisition is anticipated to be consummated over the subsequent few days and can allow ITC Motels to develop its luxurious portfolio in a ‘strategic, high- development leisure vacation spot’. This would be the firm’s first owned resort in Kerala. The 72 keys resort, consists of 38 villas and cottages, that are designed round a 5-acre man-made lagoon.
Anil Chadha, Managing Director of ITC Motels Restricted stated the acquisition of this property in Kumarakom marks a ‘strategic cornerstone’ in its journey to develop ITC Motels’ footprint into one in every of India’s most sought-after leisure locations. “Kerala’s wealthy cultural heritage and breathtaking landscapes have all the time resonated with vacationers, and we’re thrilled to convey our luxurious choices to this serene backwater sanctuary. By integrating this iconic resort into our portfolio, we intention to raise the visitor expertise by means of our globally acknowledged culinary excellence and world-class Ayurvedic wellness choices,” he stated. “This transfer reinforces our dedication to ship genuine experiences that outline the way forward for Indian hospitality,” he added.
The chain stated publish in depth renovation, the resort can be rebranded as a luxurious resort beneath the ITC Motels model.
ITC Motels stated its rooms income throughout fiscal 12 months 2026 registered a development of 10%, pushed by a ‘regular’ efficiency throughout retail, contracted, MICE and weddings segments. Common every day charge for the 12 months grew by 6% and occupancy expanded by 229 bps, leading to total RevPAR development of 10%.The corporate stated it continued to take care of a RevPAR premium of 37% over trade. The chain’s meals and drinks (F&B) income through the 12 months registered a development of 8% 12 months on 12 months, led primarily by banqueting, with ‘robust’ momentum throughout weddings and company occasions.
The chain’s administration charges registered a development of 28% 12 months on 12 months, pushed by stabilization of managed properties commissioned within the earlier years together with new properties opened through the present monetary 12 months, together with a full 12 months contribution from ITC Grand Central. The chain stated ITC Ratnadipa, the corporate’s first worldwide resort, turned EBITDA optimistic through the present 12 months and sustained market management in RevPAR. The mission additionally commenced the handover of residences through the 12 months.
ITC Motels stated it goals to scale its working portfolio to 250 inns with over 22,000 keys by 2031. Its board recommends a dividend of Rs 1 per share for the monetary 12 months ended March 31, 2026.
