Tata Group backed Indian Hotels Company (IHCL) said on Monday it has entered into share subscription and purchase agreements and shareholders' agreements to acquire around 51% equity stake not exceeding Rs 110 crore in ANK Hotels Pvt Ltd and a 51% equity stake for an amount not exceeding Rs 94 crore in Pride Hospitality Pvt Ltd.
IHCL said the foregoing companies have a portfolio of 135 hotels which are operated under the Clarks Hotels & Resorts brand across India. IHCL MD and CEO Puneet Chhatwal told ET most of these properties will be rebranded as Ginger hotels, and the development should take the chain's Ginger brand to a 250 hotels portfolio.
"We hope to make Ginger India's number one mid market brand serving the needs and wants of 500 million potential customers emerging in the next three to five years," he said. "Taj has been recognised as India's strongest brand and the world's strongest brand consistently, and this deal will push Ginger as the next brand to watch out for in the mid scale segment," he added.
The company has also signed a marketing and distribution agreement with Brij Hospitality which has a portfolio of 19 hotels under the Brij brand primarily across india.
ANK Hotels Private Limited which operates and manages hotels under the umbrella of Clarks Hotels & Resorts has a portfolio of 111 midscale hotels (with 67 hotels in operation) and it operates hotels under brands such as Clarks Inn, Clarks Inn Suites, and Clarks Inn Premier. It had a turnover of Rs 14.32 crore in financial year 2024-25.
Pride Hospitality Private Limited has a portfolio of 24 midscale hotels (with 13 hotels in operation) and it operates and manages properties under brands such as Clarks Safari, Clarks Collection and Clarks Resort. Pride Hospitality had a turnover of Rs 18.94 crore in financial year 2024-25. IHCL said both the transactions are expected to be completed by November 15 this year.
IHCL said earlier it had a gross cash balance of Rs 3,073 crore as on June 30 2025.
The hospitality chain has been pushing on new ventures and a diversified brand architecture. In November last year, it bought a majority stake in the operating company of Tree of Life Resorts & Hotels, further expanding the Tata Group’s hospitality business and enhancing its capabilities to exploit a burgeoning leisure travel market. Financial details of the transaction were not disclosed.
IHCL is aiming to scale Tree of Life to 100 properties by 2030, reflecting growing demand for experiential leisure. In November last year, IHCL also announced its 'comprehensive' strategy for 2030. Under Accelerate 2030, IHCL said it will expand its brandscape, deliver 'industry- leading' margins, double its consolidated revenue with a 20% return on capital employed and grow its portfolio to over 700 hotels.
Under MD and CEO Puneet Chhatwal, the hospitality chain has charted a massive turnaround story with record performances every quarter. The brand was also recently ranked by Brand Finance-UK as the World’s Strongest Hotel Brand 2025 for the fourth time and India’s Strongest Brand across sectors for the fifth time.
IHCL reported consolidated revenues of Rs 2102 crore for the quarter ended June, up 32% year on year. The chain reported a profit after tax of Rs 296 crore, up 19% year on year.
Chhatwal said despite the geo-political challenges, flight disruptions and booking cancellations, quarter one of financial year 2026 marked the thirteenth consecutive quarter of ‘record performance’ for the chain.
The company reported a double-digit growth in consolidated revenue. The hotel segment’s revenue at Rs 1,814 crore grew by 14% leading to a strong EBITDA margin of 31.4%.
The chain said it continued its growth momentum with 12 signings taking the portfolio to over 390 hotels and opened six new hotels in the quarter.
Quarter one also marked the Ginger Kolkata acquisition by the Tata Group.
“Indian Hotels Company feels privileged to have the backing of Tata Sons to acquire a trophy asset for the Ginger brand at the Kolkata airport. Growing in major airport locations is a part of our growth strategy,” Chhatwal had stated earlier.
IHCL said the foregoing companies have a portfolio of 135 hotels which are operated under the Clarks Hotels & Resorts brand across India. IHCL MD and CEO Puneet Chhatwal told ET most of these properties will be rebranded as Ginger hotels, and the development should take the chain's Ginger brand to a 250 hotels portfolio.
"We hope to make Ginger India's number one mid market brand serving the needs and wants of 500 million potential customers emerging in the next three to five years," he said. "Taj has been recognised as India's strongest brand and the world's strongest brand consistently, and this deal will push Ginger as the next brand to watch out for in the mid scale segment," he added.
The company has also signed a marketing and distribution agreement with Brij Hospitality which has a portfolio of 19 hotels under the Brij brand primarily across india.
ANK Hotels Private Limited which operates and manages hotels under the umbrella of Clarks Hotels & Resorts has a portfolio of 111 midscale hotels (with 67 hotels in operation) and it operates hotels under brands such as Clarks Inn, Clarks Inn Suites, and Clarks Inn Premier. It had a turnover of Rs 14.32 crore in financial year 2024-25.
Pride Hospitality Private Limited has a portfolio of 24 midscale hotels (with 13 hotels in operation) and it operates and manages properties under brands such as Clarks Safari, Clarks Collection and Clarks Resort. Pride Hospitality had a turnover of Rs 18.94 crore in financial year 2024-25. IHCL said both the transactions are expected to be completed by November 15 this year.
IHCL said earlier it had a gross cash balance of Rs 3,073 crore as on June 30 2025.
The hospitality chain has been pushing on new ventures and a diversified brand architecture. In November last year, it bought a majority stake in the operating company of Tree of Life Resorts & Hotels, further expanding the Tata Group’s hospitality business and enhancing its capabilities to exploit a burgeoning leisure travel market. Financial details of the transaction were not disclosed.
IHCL is aiming to scale Tree of Life to 100 properties by 2030, reflecting growing demand for experiential leisure. In November last year, IHCL also announced its 'comprehensive' strategy for 2030. Under Accelerate 2030, IHCL said it will expand its brandscape, deliver 'industry- leading' margins, double its consolidated revenue with a 20% return on capital employed and grow its portfolio to over 700 hotels.
Under MD and CEO Puneet Chhatwal, the hospitality chain has charted a massive turnaround story with record performances every quarter. The brand was also recently ranked by Brand Finance-UK as the World’s Strongest Hotel Brand 2025 for the fourth time and India’s Strongest Brand across sectors for the fifth time.
IHCL reported consolidated revenues of Rs 2102 crore for the quarter ended June, up 32% year on year. The chain reported a profit after tax of Rs 296 crore, up 19% year on year.
Chhatwal said despite the geo-political challenges, flight disruptions and booking cancellations, quarter one of financial year 2026 marked the thirteenth consecutive quarter of ‘record performance’ for the chain.
The company reported a double-digit growth in consolidated revenue. The hotel segment’s revenue at Rs 1,814 crore grew by 14% leading to a strong EBITDA margin of 31.4%.
The chain said it continued its growth momentum with 12 signings taking the portfolio to over 390 hotels and opened six new hotels in the quarter.
Quarter one also marked the Ginger Kolkata acquisition by the Tata Group.
“Indian Hotels Company feels privileged to have the backing of Tata Sons to acquire a trophy asset for the Ginger brand at the Kolkata airport. Growing in major airport locations is a part of our growth strategy,” Chhatwal had stated earlier.