Acquisitions16 Jul 2026, 03:03 pm
ITC Hotels Acquires 100% Stake in GHK Hospitality for ₹155 Cr
AI Summary
ITC Hotels Limited has signed a definitive agreement to acquire a 100% stake in GHK Hospitality and Infrastructures Ltd (GHK), which owns Welcomhotel Ahmedabad. The transaction is valued at an Enterprise Value of ₹155 crores on a debt-free, cash-free basis. The 130-key hotel is located in Ahmedabad's commercial hub and is currently operated by ITC Hotels under an operating services agreement. This acquisition is expected to be EPS accretive in the first full year post-completion and strengthens ITC Hotels' owned asset portfolio in Ahmedabad. The deal is anticipated to close within the current quarter, reducing time-to-market compared to a greenfield investment.
Key Highlights
- ITC Hotels to acquire 100% stake in GHK Hospitality for ₹155 Cr.
- Acquisition of Welcomhotel Ahmedabad strengthens owned asset portfolio.
- Transaction expected to be EPS accretive in the first full year.
- Deal to be completed within the current quarter.
- Acquisition offers value-accretive benefits over greenfield investment.
Price Impact
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