IHCL to Cross 550 Hotels With New Acquisitions

14 Aug 2025 CW Team

Tata Group-owned Indian Hotels Company Limited (IHCL) announced on Tuesday that its portfolio is set to exceed 550 properties with 55,000 rooms, following definitive agreements to acquire controlling stakes in ANK Hotels and Pride Hospitality. The company has also signed a distribution agreement with Brij Hospitality Pvt Ltd.

IHCL CEO Puneet Chhatwal said the acquisitions position its midscale Ginger brand as a market leader in India, with nearly 250 hotels, and on track to double this to 500 within the next 5–7 years. “They also take our presence to 250 cities in India,” Chhatwal added.

The deals, worth up to Rs 2.04 billion in cash, are expected to close by 15 November 2025. IHCL will acquire about 51 per cent equity in ANK Hotels Pvt Ltd for no more than Rs 1.10 billion and in Pride Hospitality Pvt Ltd for up to Rs 940 million. Both companies, promoted by the Clarks Hotels family, operate 135 hotels under The Clarks Hotels & Resortsbrand.

These properties, spread across 110 locations in the midscale segment, will be gradually integrated into IHCL’s brand portfolio, predominantly under Ginger, through management contracts and select operating leases. Brij Hospitality, meanwhile, adds 19 experiential leisure hotels in distinctive destinations.

Chhatwal said the move is part of IHCL’s “Accelerate 2030” five-year strategy to unlock India’s tourism potential, addressing the country’s diverse market landscape. He noted that demand in the hospitality sector continues to outpace supply, particularly in the mid-market segment, making India an underserved market.

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