IHCL to acquire ANK Hotels, set to cross 550 hotels mark
Tata group's hospitality firm, IHCL (Indian Hotels Company Limited), has signed definitive agreements to acquire a controlling stake in ANK Hotels and Pride Hospitality. With this, IHCL is set to expand its portfolio to over 550 properties with 55,000 rooms.
As per the update, the deal is done for Rs 204 crore. The deal would add 135 hotels under 'The Clarks Hotels & Resorts' brand, primarily integrated into IHCL's Ginger brand.
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