ITC Ltd has decided on an “asset right strategy”, one that will see share of managed hotels in its portfolio increasing.

“The way we see this business growing in future, there is going to be shift from own investments [to] managed properties,” Sanjiv Puri, ITC Managing Director, told the media on Monday after inauguration of ITC Kohenur super luxury hotel that the company has developed in Hyderabad at an investment of Rs. 775 crore.

“We will be moving relatively from an asset heavy strategy… to more an asset right strategy,” he said. From 60% at present, the share of managed properties is to be taken to 70%. He, however, did not mention the time frame for it.

Executive Director Nakul Anand, who oversees hospitality, travel and tourism business, said ITC would add 24 hotels and 2,500 rooms in next five years taking the numbers to 130 and 12,000 respectively. A good chunk of the total Rs. 25,000 crore investment ITC is lining over next five years is expected to be in areas of food processing and hospitality.

On the proposed foray into healthcare industry, Mr. Puri said a small team internally is being created to formulate a business plan and is likely to submit a report within a year to the Board for a final call. Shareholders of the company had already approved the foray.

No investment, however, has been proposed, because the proposal is in early stages, he said. The company plans to build 20 Integrated Consumer Goods Manufacturing and Logistics hubs across the country, including one each in Medak and Tiruchi within a year.

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