Foundation stone of ITC Gunturlaid

Amaravati, the futuristic capital region of the sunrise state of Andhra Pradesh, adds yet another jewel to its crown with the foundation stone being laid for ITC Hotel’s 144 keys five-star property – ‘My Fortune, Guntur’ in Guntur. This will also mark ITC Hotel’s debut in the city. The hotel will be built with an investment of R. 145 crore and will create employment generation for about 550 people. ITC is also planning to come up with a similar five-star hotel offering 150 rooms in Vishakhapatnam.
The foundation stone was laid by the Chief Minister of Andhra Pradesh, N. Chandrababu Naidu in the presence of Y. C. Deveshwar, Chairman, ITC Limited. The location of the hotel, on Ring Road, the heart of the city, is going to be an added advantage. Among the other facilities that the hotel will present its patrons with include a 5000 sq. ft. pillar-less ballroom with a capacity to accommodate 500 guests, along with all-day dining. Naidu said “This is the first 5 star hotel in Guntur which is close to the new capital Amaravati. Andhra Pradesh is the new destination for tourism with long stretches of beaches, with hills on one side and sea on the other side, excellent canals. It is also a State with the richest God, Lord Balaji at Tirupati, a city of 100 lakes. Amaravati even has a special gallery in the British Museum, London and there is a map which shows that Amaravati was the gate way to South East Asia even in those times.”
Y. C. Deveshwar, Chairman, ITC said, “It gives me immense pleasure in being part of this unveiling of our first property in Guntur. Guntur being close to the new Capital Amaravati, has plenty of potential and opportunities. World Bank has rated Andhra Pradesh as the one of the 2 top states to do business and the state’s association with ITC is not a new one. We already have presence in 11 out of 13 districts in the state.”