The Hindu·2 min read·medium
ITC hotels announces acquisition of 130 key operating hotel in Ahmedabad’s commercial hub
S
Shiv Sahay Singh
✦AI Summary
ITC Hotels Limited has announced the acquisition of a 100% stake in GHK Hospitality and Infrastructures Ltd., which owns the Welcomhotel in Ahmedabad. This move is part of the company's strategy to expand its owned asset portfolio in India's growing urban centers.
ITC Hotels Limited has announced that the company will acquire a 100% stake in GHK Hospitality and Infrastructures Ltd. that owns Welcomhotel, Ahmedabad, which is currently operated by the company under an operating services agreement.
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