ITC Hotels Limited (ITCHOTELS) — Announcement Announcement
📢 Key Event
ITC Hotels to acquire luxury Kerala resort for Rs. 205 crores
💡 Investor Takeaway
The acquisition adds a high-potential luxury asset that could boost revenue and margins for ITC Hotels shareholders.
⚠️ Risks
Forward-looking statements carry risks including integration challenges and market conditions
ITC Hotels announced on May 15, 2026 that it will acquire 100% of Zuri Hotels & Resorts Private Limited for an enterprise value of Rs. 205 crores, adding a luxury resort in Kumarakom, Kerala. The 18-acre property on Vembanad Lake features 72 villas and cottages, spa facilities, and banquet spaces, and will be rebranded under the ITC Hotels name to expand its luxury portfolio in a high-growth leisure destination.
📄 View Original Announcement (PDF)
About ITC Hotels Limited (ITCHOTELS)
Consumer Services · Leisure Services · Listed on NSE
Market Cap: ₹32,386.12 Cr
P/E: 40.0
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.