IHCL acquires 55% stake in Rajscape Hotels for Rs 17.66 crore

The Indian Hotels Company Limited (IHCL) has announced the acquisition of a 55% stake in Rajscape Hotels Private Limited, which operates 16 properties under the luxury brand “Tree of Life Resorts & Hotels.” The acquisition was completed for ₹17.66 crore, making Rajscape Hotels a subsidiary of IHCL.

Key Details of the Acquisition:

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  • Percentage Acquired: 55% (7,989 equity shares at ₹22,100 per share).
  • Cost of Acquisition: ₹17.66 crore.
  • Turnover of Target Company (FY24): ₹23.44 crore.
  • Nature of Business: Boutique properties specializing in immersive and experiential stays in scenic and offbeat destinations across India.

This acquisition aligns with IHCL’s strategy of expanding in the boutique and experiential stay segment, focusing on asset-light growth. Rajscape Hotels’ properties emphasize local culture, nature, and exclusivity, catering to travelers seeking tranquil escapes and meaningful experiences.