India’s Indian Hotels Company Limited (IHCL) will acquire controlling stakes in ANK Hotels and Pride Hospitality for USD 24.4 million, strengthening its midscale segment footprint and reinforcing its asset-light expansion strategy.
India’s Indian Hotels Company Limited (IHCL) has announced agreements to acquire controlling 51% stakes in ANK Hotels Private Limited and Pride Hospitality Private Limited for a combined value of USD 24.4 million. The move aligns with IHCL’s asset-light growth strategy and will significantly enhance its presence in the midscale hospitality segment across the country.
As part of the deal, IHCL will invest up to USD 13.2 million for its stake in ANK Hotels, which operates The Clarks Hotels & Resorts brand with 111 midscale hotels in its portfolio, including 67 operational properties. The company reported a turnover of approximately USD 1.71 million in FY25.
Similarly, IHCL will invest up to USD 11.2 million in Pride Hospitality, which brings a robust network and operational expertise in India’s midscale hotel market. Combined, the acquisitions will place IHCL in control of 246 hotels under management, strengthening its geographic reach and market share in this high-demand segment.
Industry experts view this as a calculated step by IHCL to capture growth in India’s midscale hospitality sector, which is benefiting from rising domestic tourism, business travel, and post-pandemic recovery in leisure demand. The asset-light model—where IHCL partners with property owners rather than owning the real estate—allows for faster expansion with lower capital intensity, improving return on investment and operational agility.
These acquisitions are scheduled for completion by November 15, 2025. IHCL’s shares closed at USD 8.94 on August 11, marking a 1.43% gain, reflecting investor optimism about the company’s long-term growth trajectory.
READ MORE ON