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Mumbai, Feb. 3

ITC Ltd’s subsidiary, Fortune Park Hotels Ltd launched its 22nd property called Fortune Select Exotica at Navi Mumbai. Situated on Palm Beach Road, it would have 85 rooms for business travellers. This is Fortune’s first property in Mumbai. The hotel would be under management contract with the owners being Exotic Cuisines Private Ltd. ITC’s subsidiary group has around 3,000 rooms and expects to take the number to 5,000 in the next two years through various up coming projects. Operating mostly on management contracts, Fortune is looking at opening eight more hotels in the next one year. —

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