ITC Hotels has acquired Park Hyatt Goa Resort & Spa in a public auction, and the property will now be known as ITC Grand Goa. The property will soon be formally open under the new owners. According to a mailer by ITC which owns and operates ITC Hotels, the sale of the property has been confirmed by Supreme Court of India, by judgement and order dated March 19, 2018. Under the judgement, ITC will be taking the possession of the property by September 19, 2018. The property is situated in Cansaulim, Goa.