Welcomhotel Ahmedabad

Hotels & Resorts

ITC purchases all of GHK Hospitality & Infrastructures Ltd.

For an enterprise value of INR 155 crores, ITC Hotels Limited has reached a final agreement to purchase a 100% share in GHK Hospitality and Infrastructures Ltd., the company that owns the Welcomhotel Ahmedabad. A major change from a managed contract to full ownership is represented by the 130-key facility, which ITC now oversees under an operating services agreement. By…