Tag Archives: Cansaulim

ITC Hotels acquires Park Hyatt Goa Resort and Spa

ITC Hotels has announced the successful acquisition of Park Hyatt Goa Resort and Spa as part of an auction held by Industrial Finance Corporation of India (IFCI) for Rs 541 crores in 2015, and upheld by the Supreme Court in its March 19 judgement. Park Hyatt Goa Resort and Spa at Cansaulim, spread across 45 acres and comprising 252 Indo-Portuguese style rooms and suites, is currently under renovation and will soon echo ITC’s standards of excellence.  The sprawling property is currently under minor renovation to comply with all the ITC’s exemplary sustainability practises to deliver the best of luxury to its customers. Commenting on the chain’s entry into Goa, Nakul Anand, Executive Director, ITC said “ITC is pleased to announce the latest addition to its luxury hotel portfolio in the hospitality landscape of Goa. This has been a long-awaited destination for ITC and we welcome the opportunity to be integrated into the multi-faceted culture and ethos of Goa.” He further added, “In order to ensure business continuity and seamless transition, the leadership team of ITC Hotels is at hand to support the current team of managers and associates. ITC Hotels has received tremendous support from key officials in the state government to ensure that we can recommence operations at the earliest and support the tourism goals of this great state.”    

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ITC Grand Goa to soon open doors

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.  

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