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IHCL to acquire 51% each in ANK & Pride
Financial Express Lucknow
|August 12, 2025
₹204-cr deals will include 135 midscale hotels
THE TATA GROUP-LED Indian Hotels Company (IHCL) will acquire a stake of 51% each in ANK Hotels and Pride Hospitality for a total of ₹204 crore to add 135 midscale properties to its portfolio. The acquisition is part of IHCL's plan to nearly double its inventory by the turn of the decade. From a portfolio of nearly 400 hotels, including more than 232 operational properties, the Mumbai-based IHCL aims to have 700 hotels, including 500 operational hotels by the end of FY30.
Dit verhaal komt uit de August 12, 2025-editie van Financial Express Lucknow.
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