Fortune Park Hotels to launch five hotels with 375 rooms in India

20 Sep 2021 CW Team

Fortune Park Hotels, a subsidiary of the ITC hotel group, will open five properties in India by the end of next year, totalling over 375 rooms, as part of its expansion plans in the country.

In India, the company operates 38 hotels with approximately 2,900 rooms in 34 cities.

Samir MC, Managing Director of Fortune Park Hotels said that the company is in advanced negotiations for a few more projects, some of which are expected to open before the end of next year, in addition to opening 5 hotels with over 375 rooms across four cities in India by the end of December 2022.

Fortune Resort Benaulim Goa, Fortune Select in Goa, Fortune Park Hoshiarpur in Punjab, Fortune Park Tirupur in Tamil Nadu, and Fortune Inn Haldwani in Uttarakhand are the five hotels.

Fortune Park Hotels was founded in 1995 to cater to the mid-market to upscale market segment in both business and leisure destinations.

Fortune Select, Fortune Park, Fortune Inn, and Fortune Resort are clearly defined sub-brands under which the chain operates its hotels.

30% of the company portfolio is made up of leisure hotels, with the rest being business or mixed-use properties. The focus on leisure has shifted as domestic tourism has expanded and the world looks for new ways to vacation.

According to Samir, the majority of future expansions will be focused on pilgrim and tourist destinations, where the company sees a huge opportunity. Aside from that, he cited that the company would continue to expand its business hotel portfolio.

When asked about the future business climate for the hospitality sector in the country, Samir asserted that with successful vaccination drives and the third wave currently at bay, future business looks optimistic.

Image Source

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..