IHCL shares in deal with plans to amass 51% stake in ANK Resorts and Satisfaction Hospitality
Each firms function underneath the Clarks Resorts & Resorts model, which has a mixed portfolio of 135 accommodations throughout India. IHCL Managing Director and CEO Puneet Chhatwal informed ET that almost all properties might be rebranded as Ginger accommodations, bringing the model’s portfolio to 250 properties.
“We hope to make Ginger India’s primary mid-market model serving the wants and desires of 500 million potential clients rising within the subsequent three to 5 years,” he mentioned. “Taj has been recognised as India’s strongest model and the world’s strongest model persistently, and this deal will push Ginger as the subsequent model to be careful for within the mid-scale section,” he added.
The corporate has additionally signed a advertising and marketing and distribution settlement with Brij Hospitality, which has a portfolio of 19 accommodations underneath the Brij model primarily throughout India.
ANK Resorts Personal Restricted, which operates and manages accommodations underneath the umbrella of Clarks Resorts & Resorts, has a portfolio of 111 midscale accommodations (with 67 accommodations in operation) and it operates accommodations underneath manufacturers akin to Clarks Inn, Clarks Inn Suites, and Clarks Inn Premier. It had a turnover of Rs 14.32 crore within the monetary 12 months 2024-25.
Satisfaction Hospitality Personal Restricted has a portfolio of 24 midscale accommodations (with 13 accommodations in operation), and it operates and manages properties underneath manufacturers akin to Clarks Safari, Clarks Assortment and Clarks Resort. Satisfaction Hospitality had a turnover of Rs 18.94 crore within the monetary 12 months 2024-25. IHCL mentioned each transactions are anticipated to be accomplished by November 15 this 12 months.IHCL mentioned earlier it had a gross money steadiness of Rs 3,073 crore as on June 30 2025.The hospitality chain has been pushing into new ventures and a diversified model structure. In November final 12 months, it purchased a majority stake within the working firm of Tree of Life Resorts & Resorts, additional increasing the Tata Group’s hospitality enterprise and enhancing its capabilities to take advantage of a burgeoning leisure journey market. Monetary particulars of the transaction weren’t disclosed.IHCL is aiming to scale Tree of Life to 100 properties by 2030, reflecting rising demand for experiential leisure. In November final 12 months, IHCL additionally introduced its ‘complete’ technique for 2030. Underneath Speed up 2030, IHCL mentioned it’s going to develop its brandscape, ship ‘industry- main’ margins, double its consolidated income with a 20% return on capital employed and develop its portfolio to over 700 accommodations.
Underneath MD and CEO Puneet Chhatwal, the hospitality chain has charted an enormous turnaround story with file performances each quarter. The model was additionally just lately ranked by Model Finance-UK because the World’s Strongest Lodge Model 2025 for the fourth time and India’s Strongest Model throughout sectors for the fifth time.
The corporate reported a double-digit development in consolidated income. The lodge section’s income at Rs 1,814 crore grew by 14% resulting in a powerful EBITDA margin of 31.4%.
The chain mentioned it continued its development momentum with 12 signings taking the portfolio to over 390 accommodations and opened six new accommodations within the quarter.
Quarter one additionally marked the Ginger Kolkata acquisition by the Tata Group.
“Indian Resorts Firm feels privileged to have the backing of Tata Sons to amass a trophy asset for the Ginger model on the Kolkata airport. Rising in main airport places is part of our development technique,” Chhatwal had said earlier.
(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t characterize the views of the Financial Occasions)
