Support and Resistance Levels
Past performance
About Gujarat Hotels Ltd Gujarat Hotels, initially incorporated as Gujarat Hotels Baroda in 1982, is a hospitality company promoted by Gujarat Industrial Investment Corporation and ITC. The company launched its first and only five-star hotel, Welcomgroup Vadodara, in 1986, featuring 144 rooms. Facing financial difficulties, the company collaborated with the Government of Gujarat and financial institutions in 1992 to develop a rehabilitation package. Consequently, the hotel was operated under a license by ITC, which led to the company achieving its first net profit in the 1993-94 fiscal year.
In a strategic move during its restructuring phase, Gujarat Hotels transferred the Operating License agreement to ITC Hotels in October 1994. This realignment was aimed at leveraging ITC Hotels' expertise to ensure sustainable operations and profitability. The company's history reflects its efforts to stabilize and grow through strategic partnerships and restructuring initiatives.