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ITC Hotels Partners with KIHPL for New Luxury Venture in Patna

Written by: Team Angel OneUpdated on: 7 Oct 2025, 6:12 pm IST
ITC Hotels has signed an agreement with KIHPL to manage a new 140-room luxury hotel in Patna, its first property in Bihar under the luxury segment.
ITC Hotels Partners with KIHPL for New Luxury Venture in Patna
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ITC Hotels has signed definitive agreements with Kumar Infra Hotel Private Limited (KIHPL) to manage a new luxury hotel in Patna, Bihar. Reports indicate that the project will feature 140 rooms and is being developed on a 1.5-acre site.

Part of Tourism Initiative

The hotel project is part of Bihar Tourism’s development programme. It was awarded through a competitive bidding process conducted by the state government. KIHPL secured the project under this process and finalised ITC Hotels as the operator.

The upcoming hotel will include rooms, dining spaces, and event facilities. It is being developed to serve both business and leisure travellers, adding capacity to Patna’s hospitality sector.

Statement from ITC Hotels

As per the news reports, Anil Chadha, Managing Director at ITC Hotels Ltd stated, "Our luxury properties epitomise the culture and ethos of each destination, offering indigenous experiences while celebrating the rich heritage of the region through distinctive architecture, arts, crafts & rituals."

Statement from KIHPL

Manish Kumar, Director - Kumar Infra Hotel Private Limited, said, "It is a matter of pride for us to develop this project with the vision of the Bihar Government to strengthen the commercial and cultural identity of Patna. We look forward to our association with ITC Hotels to develop an iconic luxury project to elevate the tourism potential and hospitality landscape of Bihar.

ITC Hotels’ Existing Presence

The company currently manages luxury hotels in Delhi, Gurugram, Mumbai, Jaipur, Agra, Kolkata, Bengaluru, Chennai, Goa, Hyderabad, and Ahmedabad. The Patna property will be its first luxury hotel in Bihar.

ITC Hotels Share Price Performance

As of October 07, 2025, 09:57 AM, ITC Hotels share price was trading at ₹216.84, a 0.56% increase from the previous closing price.

 

Read More:  GST Cut on Hotel Rooms Below ₹7,500: How Much You Save! 

Conclusion

With the agreement between ITC Hotels and KIHPL, Patna will see the addition of a new 140-room luxury property. The development is part of Bihar’s tourism infrastructure expansion and adds a new location to ITC’s national portfolio.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Oct 7, 2025, 12:42 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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