ITC Hotels acquires Zuri Hotels and Resorts for Rs 205 crore enterprise value
ITC Hotels takes 100% ownership of Zuri Hotels and Resorts in a Rs 205 crore EV deal, expanding its hospitality footprint via inorganic growth. The transaction signals continued consolidation in India's branded hotel segment as listed players absorb regional chains.
What happened
ITC Hotels acquires 100% of Zuri Hotels and Resorts for Rs 205 crore enterprise value. Delhi cuts ATF VAT benefiting IndiGo; Baazar Style Retail reports
Key facts
- Rs 205 crore EV (ITC-Zuri)
- ATF VAT cut 25% to 7%
- Rs 26,850 crore (Emirates NBD-RBL)
Why this matters
Sub-Rs 250 cr regional hotel chains are clearing the market at attractive multiples, so refresh your target list of independent and family-owned Indian hospitality assets before listed consolidators close the window.