HOSPITALITY
ITC Hotels To Acquire 130-Key Welcomhotel Ahmedabad For ₹155 Cr
ITC Hotels Ltd has signed a definitive agreement to acquire 100% stake in GHK Hospitality and Infrastructures Ltd (GHK), which owns the 130-key Welcomhotel Ahmedabad. The acquisition will be completed at an enterprise value of ₹155 crore on a debt-free and cash-free basis through a combination of primary subscription and secondary purchase of GHK’s equity […]
CW Bureau
·
Jul 16, 2026
HOSPITALITY
Room To Grow: ITC Hotels Targets 250 Properties, 22,000 Keys By 2031
ITC Hotels Ltd has outlined an ambitious expansion roadmap, targeting an operational portfolio of 250 hotels with over 22,000 keys by 2031, as it strengthens focus on its asset-right business model driven by management contracts, partnerships and operational efficiency. The hospitality company said future growth will be led primarily through management contracts and strategic partnerships […]
CW Bureau
·
Jul 11, 2026
HOSPITALITY
ITC Hotels Set To Acquire Kumarakom 5-Star Luxury Resort For ₹205 Cr
ITC Hotels Ltd will acquire 100% stake in The Zuri Hotels and Resorts Pvt Ltd, which owns a luxury resort in Kumarakom, Kerala, for an enterprise value of ₹205 crore on a cash-free, debt-free basis. The acquisition, subject to repayment of certain debts and customary obligations, involves a total cash consideration of ₹175 crore and […]
CW Bureau
·
May 15, 2026
