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Tata Group-backed Indian Hotels Company, along with its subsidiaries, has completed the acquisition of a 51 per cent stake in Brij Hospitality for a total investment of approximately Rs 222 crore, according to a regulatory filing. Consequent to the acquisition, Brij has become a subsidiary of Indian Hotels Company Limited (IHCL). In January, the country's largest hospitality player IHCL said it had entered into share subscription and share purchase agreements to acquire around 51 per cent shareholding in Brij Hospitality Private Limited. "IHCL, along with its step-down subsidiaries, namely ANK Hotels Private Limited and Pride Hospitality Private Limited, has completed the acquisition of 51 per cent of the share capital in Brij Hospitality Private Limited (Brij), for a total investment of up to Rs 222 crore," the filing said on late Tuesday evening. The acquisition comprises the purchase from existing shareholders of Brij, as well as primary investment in it through a combination of
Five-star hotels in the national capital are witnessing an unprecedented surge in room tariffs and high occupancy rates on peak demand as thousands of delegates are set to descend on New Delhi for the India AI Impact Summit 2026, scheduled from February 16-20 at Bharat Mandapam.. According to an official release earlier this week, the Summit has garnered strong interest from the global community, with over 35,000 registrations received ahead of the event. With demand outstripping supply, steep room tariffs and near-full occupancy rates at most sought-after five-star hotels in New Delhi are expected to send prospective tourists' plans for bookings around the India AI Impact Summit dates into a tizzy. Hotel websites and travel portals show that standard rooms at premier five-star hotels in the city, which usually fall in the Rs 20,000 to Rs 40,000 per night range, have now been listed at rates approaching lakhs and in some categories exceeding Rs 4 lakh to Rs 5 lakh per night for peak