Park Hyatt Goa to stay a Hyatt, not become an ITC Hotel!

It is no secret that the Park Hyatt Goa is one of my favourite hotels, and my go-to hotel for a quick respite from the city of Mumbai. I first reviewed the hotel in 2012, and I’ve gone there every year since. Last year, when it came to choose a place to get married, Shipra and I chose the Park Hyatt Goa to host our clan.

From the pool at the Park Hyatt Goa

From the pool at the Park Hyatt Goa


But the story is about the attempted acquisition of this place by the ITC conglomerate in India last year. ITC runs their own chain of hotels called the ITC Hotels, and some of these hotels participate in the Starwood Preferred Guest program as well. Last year, when the owner of the Park Hyatt Goa kept this property as some sort of security to raise a loan to develop new hotels, the lender called the loan back, then grabbed the property and put it out on auction. ITC won the auction, supposedly only bidding INR 1000 more than the reserve price of the hotel. The original owner challenged this sale, since it was not even half the price of the property.

When we visited the hotel numerous times last year, however, nothing changed and all the management remained the same too. There was just a flag and a signboard trying to show this was an ITC property outside the hotel premises.

Now, as per the Bombay High Court, which ruled on this case a couple of weeks ago, has cancelled the sale of the hotel to ITC and asked ITC to collect a refund on the price they paid from the party they paid it to.

Essentially, the order can still be appealed in a higher court, but for the time being, this hotel continues to be a Hyatt!

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About Ajay

Ajay Awtaney is the Founder and Editor of Live From A Lounge (LFAL), a pioneering digital platform renowned for publishing news and views about aviation, hotels, passenger experience, loyalty programs, travel trends and frequent travel tips for the Global Indian. He is considered the Indian authority on business travel, luxury travel, frequent flyer miles, loyalty credit cards and travel for Indians around the globe. Ajay is a frequent contributor and commentator on the media as well, including ET Now, BBC, CNBC TV18, NDTV, Conde Nast Traveller and many other outlets.

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  1. Hi sir I m working on this property park hyatt Goa resort and spa is best hotel in Goa
    What about employee s and contract workers they also replace or continue in the work in new property in i t c

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