ITC Hotels to acquire 100% of GHK Hospitality, owner of Welcomhotel Ahmedabad, for Rs 155 crore
ITC Hotels signed a definitive agreement to buy GHK Hospitality on a debt-free basis at an enterprise value of Rs 155 crore, converting the managed 130-room Welcomhotel Ahmedabad into a fully owned asset to strengthen its owned portfolio.
ITC Hotels signed a definitive agreement to acquire 100% of GHK Hospitality, owner of the 130-room Welcomhotel Ahmedabad, for Rs 155 crore debt-free, converting the managed property to full ownership to strengthen its owned asset portfolio.