Meta Description: ITC Hotels to invest ₹328 crore in a new hotel project in Visakhapatnam. The 200-room hotel will mark ITC's major presence in Vizag by 2029.
In a major boost to Vizag’s hospitality sector, ITC Hotels has officially announced plans to build a brand-new hotel in Visakhapatnam with an investment of ₹328 crore. This upcoming hotel will be a 200-key premium property, expected to be completed by 2029.
🏙️ A New Milestone for Vizag’s Growth
This announcement is a big step forward for Vizag, which is fast emerging as a tourism and business destination. Currently, ITC Hotels does not own any hotel property in Visakhapatnam directly. However, it manages two hotels here through management contracts:
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Welcomhotel Devee Grand Bay – 104 keys
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Fortune Inn Sree Kanya – 68 keys
With this new construction, ITC will make a strong direct entry into the Vizag market, offering luxury services under its iconic hospitality standards.
📅 Completion Timeline and Vision
The project is expected to be completed by 2029, adding over 200 luxury rooms to the city’s hospitality infrastructure. This will further strengthen Vizag’s position as a tourism and corporate hub, aligning with upcoming developments like Bhogapuram Airport, tourism circuit plans, and smart city upgrades.
Stay tuned for more updates on location details, design plans, and booking info as ITC Hotels rolls out its ambitious Vizag project.
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