ITC Hotels Acquires 100% of GHK Hospitality for ₹155 Crore
ITC Hotels will acquire 100% of GHK Hospitality & Infrastructures Limited for an enterprise value of ₹155 crore. The acquisition includes the 'Welcomhotel Ahmedabad' and aims to expand ITC Hotels' owned asset portfolio. Completion is expected by Q2 FY'27.
The acquisition of a full hotel property represents a significant strategic move for the company, impacting its asset base and market presence.
The acquisition is viewed positively as it expands the company's owned asset portfolio and provides an opportunity to capitalize on market demand.
ITC Hotels Limited announced today, July 16, 2026, that its Board of Directors has approved the acquisition of 100% of the share capital of GHK Hospitality & Infrastructures Limited. This strategic move aims to expand ITC Hotels' owned asset portfolio in Ahmedabad by acquiring an established hotel, currently operated under an Operating Services Agreement.
The acquisition provides an opportunity to capitalize on Ahmedabad's diversified year-round demand and is expected to be value-accretive. GHK Hospitality & Infrastructures Limited owns the 'Welcomhotel Ahmedabad' with 130 keys. The transaction is based on an enterprise value of ₹155 crore on a cash-free, debt-free basis, subject to customary adjustments. The investment will be made through primary subscription and secondary purchase of equity shares.
The acquisition is anticipated to be completed within the second quarter of the Financial Year 2027. No governmental or regulatory approvals are required for this transaction. GHK Hospitality & Infrastructures Limited was incorporated on May 10, 2007, and its turnover for the last three financial years was ₹35.16 crore (FY26), ₹31.23 crore (FY25), and ₹25.62 crore (FY24).
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ITC Hotels Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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