ITC Hotels Ltd has secured a significant land allotment from India International Convention and Exhibition Centre Limited (IICC) to develop a premium 5-star hotel at Yashobhoomi, Dwarka, New Delhi. The announcement on January 9 marks a strategic expansion for the hospitality company in the national capital region.

Land Allotment Details

The lease agreement involves substantial parameters that highlight the scale of the project:

A sub-lease cum development agreement will be executed between IICC and ITC Hotels to formalize the arrangement. The company has clarified that this is a domestic transaction with no related party involvement, as neither the promoter nor promoter group has any interest in IICC.

Hotel Development Plans

The proposed development will be a premium 5-star hotel designed to complement Yashobhoomi's status as an international destination. Key features of the planned hotel include:

• Contemporary banqueting facilities
• Signature cuisine offerings
• Premium hospitality services targeting global guests
• Strategic positioning to support MICE industry activities

Anil Chadha, Managing Director of ITC Hotels Ltd, emphasized the strategic importance of the location, stating that "Yashobhoomi is a game-changer for the MICE industry. It has already hosted a large number of trade shows and big conventions. ITCHL shall leave no stone unturned to create one of the finest hospitality offerings through the proposed hotel that will showcase our culinary and service excellence to global guests."

Existing Delhi NCR Presence

ITC Hotels maintains a strong footprint in the Delhi National Capital Region with an established portfolio:

This existing presence positions the company well to leverage synergies with the new Yashobhoomi property and strengthen its market position in the premium hospitality segment.

Market Performance

Shares of ITC Hotels Ltd closed at ₹194.20 on January 9, registering a gain of ₹0.33 or 0.17% on the BSE. The modest uptick reflects market acknowledgment of the strategic land acquisition for future expansion.

ITC Hotels Limited has secured a significant land lease agreement at Yashobhoomi, Dwarka, New Delhi, marking a major expansion in the National Capital Region. The company disclosed this development under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, on January 9, 2026.

Lease Agreement Details

The land allotment comes from India International Convention and Exhibition Centre Limited (IICC), a Government of India enterprise. The comprehensive lease arrangement encompasses substantial financial and operational commitments:

Hotel Development Plans

The leased land will facilitate the development and operation of a distinguished premium 5-star hotel, complemented by contemporary banqueting facilities and signature cuisine offerings. The project aims to create a compelling epicurean destination that seamlessly blends premium hospitality with unforgettable dining experiences.

According to Managing Director Anil Chadha, "Yashobhoomi is a gamechanger for the MICE industry. It has already hosted a large number of trade shows and big conventions. ITCHL shall leave no stone unturned to create one of the finest hospitality offerings through the proposed hotel that will showcase our culinary and service excellence to global guests."

Strategic Positioning

The new hotel is positioned to play a pivotal role in enhancing Yashobhoomi's stature as an international destination for conventions, conferences, exhibitions, and marquee events. ITC Hotels' celebrated culinary brands, which consistently feature on the 'must dine' lists of discerning connoisseurs, will be introduced at the new property.

Existing Delhi NCR Presence

ITC Hotels Limited maintains a strong footprint across Delhi NCR with an established portfolio:

Regulatory Compliance

The company confirmed that the promoter/promoter group/group companies have no interest in IICC, and the transaction does not fall within related party transactions. A Sub-Lease cum Development Agreement will be executed to formalize the arrangement.