ITC Hotels signs definitive agreement for strategic acquisition of a 130 key operating hotel in Ahmedabad’s vibrant commercial hub

ITC Hotels will acquire Welcomhotel Ahmedabad for Rs 155 crores. This strategic acquisition strengthens the company’s owned asset portfolio in the city. The 130-room hotel offers extensive banqueting and dining facilities. This move will enhance yields and cash flow generation over time. The transaction is expected to be completed within the current quarter.

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