ITC Hotels Snaps Up Zuri Hotels And Resorts For Rs 175 Crore
ITC Hotels has completed its acquisition of Zuri Hotels and Resorts for Rs 175 crore, converting Zuri into a wholly-owned subsidiary. The deal expands ITC's hospitality footprint and consolidates its position in India's premium hotel segment.
What happened
ITC Hotels has acquired Zuri Hotels and Resorts for Rs 175 crore, making it a wholly-owned subsidiary following completion of the transaction on Tuesday,
Key facts
- Rs 175 crore
Why this matters
ITC Hotels is signaling an inorganic growth posture in India's premium segment—expect more sub-Rs 500 crore tuck-ins targeting boutique and resort portfolios to accelerate footprint expansion.