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Indian Hotels Company Ltd (IHCL) is looking at strategic acquisitions to expand its presence in key markets and enter new destinations in Europe and Southeast Asia. With a strong, zero-debt balance sheet and a cash balance of INR 3,073 crore, the company is well-positioned to pursue these opportunities. This move is part of IHCL's 'Accelerate 2030' strategy, which has set a target of over 700 hotels in its portfolio by 2030. The company's focus is on acquiring controlling stakes in smaller firms and integrating them into its midscale and boutique luxury segments, strengthening its global footprint without acquiring physical assets for its premium brand, Taj.
The Indian Hotels Company Ltd (IHCL) is pursuing a strategy of strategic acquisitions to expand its presence in key global markets, including Europe and Southeast Asia. This plan is part of the company's 'Accelerate 2030' roadmap, which has a target of adding over 700 hotels to its portfolio by 2030. Advertisement
The company, which is India's largest hospitality player, is in a strong financial position to pursue these opportunities. Puneet Chhatwal, CEO and MD of IHCL, stated that the company is a zero-debt entity with a gross cash balance of INR 3,073 crore as of June 30, 2025. This financial strength, he said, allows the company to act on or execute such acquisitions. He added that the company will not acquire physical assets for its premium Taj brand but will instead opt for an operating contract model for its expansion into new international markets.
IHCL recently announced a series of strategic expansions. The company is set to cross 550 properties with 55,000 rooms in its portfolio after signing agreements to acquire a controlling stake in ANK Hotels Pvt Ltd and Pride Hospitality Pvt Ltd. These acquisitions will add 135 midscale hotels to the company's portfolio, primarily under the Ginger brand. The company has also signed a distribution agreement with Brij Hospitality Pvt Ltd, which will add 19 unique properties to its portfolio. The company has also been focused on preserving India's cultural heritage, with a recent agreement to redevelop Chotelal Ki Ghat in Kolkata.
The company's financial results for the first quarter of fiscal year 2026 reflect its strong growth momentum. IHCL reported a 32% growth in consolidated revenue to INR 2,041 crore, and its profit after tax (PAT) grew by 19% to INR 296 crore. The company also reported a double-digit growth in its domestic hotels' Revenue Per Available Room (RevPAR) and a 13% growth in its international portfolio's RevPAR. This strong financial performance and its strategic focus on acquisitions and partnerships position IHCL as a key player in the Indian and global hospitality sector.
Source: PTI
5th Jun, 2025
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