IHCL to continue with acquisitions, eyes bigger share of spiritual tourism

IHCL to expand its midscale portfolio with Clarks Hotels rebrand, Tree of Life growth, and Brij Hospitality tie-up, targeting 700 hotels before 2030 and stronger pan-India presence

Having taken controlling stakes in ANK Hotels and Pride Hospitality—-the operators of Clarks Hotels and Resorts— the parent firm of Taj Hotels, Indian Hotels Company (IHCL), will continue its strategy of acquisitions, as it expands to gain scale in the Indian and overseas markets, Puneet Chhatwal, the company’s managing director and chief executive officer said. 

IHCL is India’s leading hospitality company by market capitalisation at ₹1.06 trillion. Chhatwal said that with the addition of 135 hotels, the company’s overall portfolio will cross 550. 

“IHCL is leading the midscale opportunity and the potential for growth is nothing less than exponential. India’s