The Indian Hotels Company Limited has informed the Exchange about Investor Presentation
INDHOTEL · price
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IHCL announced the acquisition of a 51% stake in ANK Hotels and Pride Hospitality for ₹204 crore (₹110 crore primary investment in ANK and ₹94 crore secondary share purchase in Pride), adding 135 hotels with 6,800 keys across 100+ locations. This doubles IHCL's midscale hotel portfolio from 105 to 240+ properties, taking total portfolio to 550+ hotels and accelerating the company's goal of reaching 700+ hotels by 2030. The combined entity's total revenue is projected to grow from ₹60 crore in FY27 to ₹100 crore in FY30 (25% CAGR), with EBITDAR margins expanding from 30% to 50% and incremental fees of ₹10-20 crore flowing to IHCL over five years. IHCL also signed a distribution and marketing agreement with Brij Hospitality (19 boutique hotels). The company's Ginger brand demonstrated strong unit economics with revenue growing from ₹204 crore in FY17/18 to a projected ₹800+ crore in FY25/26 and EBITDAR margins of 51-55% across various markets.
This is a growth-accretive acquisition that strengthens IHCL's leadership in India's fastest-growing midscale hotel segment and provides visibility toward its 700-hotel target by 2030. Shareholders should view the deal positively given the attractive entry valuation (₹204 crore for 135 hotels/6,800 keys), projected margin expansion of 20+ percentage points in acquired assets, and the 60% CAGR in incremental EBITDA contribution to IHCL's consolidated financials. The transaction diversifies IHCL's portfolio and unlocks cross-selling synergies through Tata Neu, Ginger's brand equity, and shared services.