+
CCI Approves Merger Of Six Hotel Entities Into InterGlobe Hotels
Real Estate

CCI Approves Merger Of Six Hotel Entities Into InterGlobe Hotels

The Competition Commission of India (CCI) has approved a proposed corporate restructuring that will merge six hotel entities and related share acquisitions into InterGlobe Hotels Private Limited (InterGlobe Hotels). The regulator granted clearance for the combination that encompasses AAPC India Hotel Management Private Limited (AAPC India), Caddie Hotels Private Limited, Triguna Hospitality Ventures (India) Private Limited, Srilanand Mansions Private Limited, Techpark Hotels Private Limited and Accent Hotels Private Limited. The decision follows a filing that outlined the scope of the transaction and the entities involved. The approval formalises the transfer of ownership stakes and the legal amalgamation of the stated companies into InterGlobe Hotels.

InterGlobe Enterprises Private Limited, which is wholly owned and controlled by the Bhatia Family, is identified in the filing as an investment holding company. The filing also notes that AAPC Singapore Pte. Ltd., a wholly owned subsidiary of global hospitality major Accor S.A., provides hotel management consultancy services outside India. The document states that InterGlobe Hotels, AAPC India, Triguna and Caddie are jointly owned and controlled by the Bhatia Family Group and the Accor Group, and that the combination aligns ownership and management arrangements across the implicated businesses.

InterGlobe Hotels is described as being engaged in developing and owning Accor branded hotels that are managed by AAPC India, in addition to leasing office and commercial spaces and providing captive consultancy and support services within India. AAPC India is noted to be responsible for managing and franchising Accor branded hotels across the country while also offering consultancy services for the hospitality chain. The filing emphasises the operational relationships between the manager, franchisor and owner entities in the Accor branded portfolio.

Triguna is characterised as functioning primarily as an investment holding company, while Caddie is reported to own and develop Accor branded hotels and to lease commercial office space within a hotel property in Delhi. The three wholly owned subsidiaries of Triguna—Srilanand Mansions, Techpark Hotels and Accent Hotels—are noted to be engaged in owning and developing Accor branded hotel properties. The CCI approval concludes the regulator review of the proposed transaction.

The Competition Commission of India (CCI) has approved a proposed corporate restructuring that will merge six hotel entities and related share acquisitions into InterGlobe Hotels Private Limited (InterGlobe Hotels). The regulator granted clearance for the combination that encompasses AAPC India Hotel Management Private Limited (AAPC India), Caddie Hotels Private Limited, Triguna Hospitality Ventures (India) Private Limited, Srilanand Mansions Private Limited, Techpark Hotels Private Limited and Accent Hotels Private Limited. The decision follows a filing that outlined the scope of the transaction and the entities involved. The approval formalises the transfer of ownership stakes and the legal amalgamation of the stated companies into InterGlobe Hotels. InterGlobe Enterprises Private Limited, which is wholly owned and controlled by the Bhatia Family, is identified in the filing as an investment holding company. The filing also notes that AAPC Singapore Pte. Ltd., a wholly owned subsidiary of global hospitality major Accor S.A., provides hotel management consultancy services outside India. The document states that InterGlobe Hotels, AAPC India, Triguna and Caddie are jointly owned and controlled by the Bhatia Family Group and the Accor Group, and that the combination aligns ownership and management arrangements across the implicated businesses. InterGlobe Hotels is described as being engaged in developing and owning Accor branded hotels that are managed by AAPC India, in addition to leasing office and commercial spaces and providing captive consultancy and support services within India. AAPC India is noted to be responsible for managing and franchising Accor branded hotels across the country while also offering consultancy services for the hospitality chain. The filing emphasises the operational relationships between the manager, franchisor and owner entities in the Accor branded portfolio. Triguna is characterised as functioning primarily as an investment holding company, while Caddie is reported to own and develop Accor branded hotels and to lease commercial office space within a hotel property in Delhi. The three wholly owned subsidiaries of Triguna—Srilanand Mansions, Techpark Hotels and Accent Hotels—are noted to be engaged in owning and developing Accor branded hotel properties. The CCI approval concludes the regulator review of the proposed transaction.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Madhya Pradesh Plans Airport Every 150 Km, Airstrip Every 75 Km

The Madhya Pradesh government plans to establish an airport every 150 km, an airstrip every 75 km and a helipad every 45 km, according to the state aviation department. Airports being developed in Ujjain and Shivpuri are expected to take the state’s airport count to 10. The government stated that Madhya Pradesh currently has eight airports in eight cities. The locations named by the department include Indore, Bhopal, Jabalpur, Gwalior, Khajuraho, Rewa and Satna. The state also has more than 20 airstrips and 220 helipads, while permanent helipads are planned in all 230 Assembly constituencies..

Next Story
Infrastructure Transport

West Bengal Plans Four Airports for 2028 Completion Under UDAN

West Bengal will develop four new airports under an agreement signed between the Union Civil Aviation Ministry and the state government, with all facilities targeted for completion by 2028. Union Civil Aviation Minister K Rammohan Naidu said the airports would be located at Charra in Purulia, Kalaikunda in Paschim Medinipur, Balurghat in Dakshin Dinajpur and Hasimara in Alipurduar. The project is part of the Centre’s regional connectivity UDAN programme. The Union government has committed Rs. 290 bn for West Bengal’s aviation sector over the next decade, while the state government will pro..

Next Story
Infrastructure Transport

Mumbai Airport Bars Russian Airlines as Agent Seeks Ministry Intervention

Mumbai airport has stopped accepting cargo booked on Russian flag carrier Aeroflot, disrupting shipments and prompting the airline’s cargo sales agent, Delmos Aviation, to seek intervention from the Ministry of Civil Aviation. The restrictions also affect cargo booked on Volga-Dnepr Airlines, according to a letter submitted by Delmos Aviation to the ministry on September 30. Aeroflot operates daily flights between Moscow and Delhi and runs a winter seasonal service to Goa. Bonded cargo from Mumbai and other cities is transported by road to Delhi before being flown to Russia. The agent said t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code