IHCL subsidiary expands midscale hotel portfolio with two acquisitions

RCL, a wholly-owned subsidiary of IHCL, has acquired 51% of the share capital in both ANK Hotels Private Limited (ANK) and Pride Hospitality Private Limited (Pride), on a fully diluted basis. This strategic move, detailed in agreements executed on December 1, 2025, significantly expands IHCL’s presence in the midscale segment across India and Sri Lanka.

The acquisition involved an investment of ₹109.3 crores in ANK, which operates under 'The Clarks Hotels & Resorts' umbrella. ANK boasts a portfolio of 119 midscale hotels (67 in operation) and reported a turnover of ₹14.32 crore for FY 2024-25. The investment in Pride Hospitality Private Limited totaled ₹81.2 crores. Pride also manages hotels under 'The Clarks Hotels & Resorts' and has a portfolio of 28 midscale hotels (14 in operation), with a turnover of ₹19.0 crores for FY 2024-25.

These acquisitions are poised to deepen IHCL's geographical penetration and reinforce its asset-light growth strategy. Both ANK and Pride will now operate as subsidiaries of RCL and step-down subsidiaries of IHCL, adding a combined portfolio of 147 hotels to the group.