With a prime location on ring road, the hotel has been christened 'My Fortune', Guntur and covers an expanse of over 1.44 acres.
The hotel will include a 5,000 square feet pillar-less ballroom that can accommodate upto 500 guests, an all-day dining restaurant, a specialty restaurant, a bar and a deli.
A state-of-the-art gymnasium and a world-class spa has also been accomodated.
The hotel is expected to commence operations in 2019 and is aimed at attracting high end business travellers.
The hotel will be part of the 'My Fortune' exclusive brand which is positioned in the upscale segment, at the top end of the brand pyramid of the Fortune brand of hotels.
A member of ITC's hotel group, the hotel will exemplify best in class, full-service stylish hotel, with young, vibrant and tech-enabled features. Other exclusive 'My Fortune' hotels include hotels in Chennai and Bengaluru.