Partnership12 Aug 2025, 12:57 pm
IHCL Doubles Midscale Presence with 240+ Hotels in Strategic Partnership
AI Summary
Indian Hotels Company (IHCL) has entered into a strategic partnership with ANK Hotels Pvt Ltd, Pride Hospitality Pvt Ltd, and Brij Hospitality Pvt Ltd. This partnership will add 150+ hotels to IHCL's portfolio, doubling its midscale presence to 240+ hotels. The partnership also expands IHCL's brandscape with Brij Hotels in the boutique leisure segment. The acquisition will be funded through internal accruals given IHCL's strong cash flows.
Key Highlights
- IHCL's portfolio reaches 550+ hotels and ~55,000 rooms
- Doubles IHCL's midscale presence to 240+ hotels
- Expands brandscape with Brij Hotels in the boutique leisure segment
- Funded through internal accruals
- Partnership with ANK, Pride, and Brij Hospitality, promoters of Clarks hotels family