ITC Hotels Share Price in Focus; Board Approves 100% Acquisition of Zuri Hotels and Resorts

ITC Hotels share price is likely to remain in focus after the hospitality company announced the acquisition of a luxury resort property in Kumarakom, Kerala.  

The company stated that it will acquire 100% stake in Zuri Hotels & Resorts Private Limited, which owns The Zuri Kumarakom, Kerala Resort & Spa, at an enterprise value of ₹205 crore on a debt-free and cash-free basis.  

ITC Hotels Expands Luxury Portfolio Through Kerala Resort Acquisition 

According to the company’s media statement, the acquisition will mark ITC Hotels’ first owned resort property in Kerala and strengthen its presence in the high-growth luxury leisure segment. The transaction is expected to be completed over the next few days.  

The resort is spread across 18 acres along the Vembanad Lake and includes 72 rooms, villas, and cottages, including 38 villas and cottages built around a large man-made lagoon. The property also features multiple dining venues, event infrastructure, banquet facilities, and nearly 20,000 square feet of spa and wellness space.  

ITC Hotels said the property will undergo renovation and be rebranded under the “ITC Hotels” brand after the acquisition.  

The company expects the integration of its operational capabilities, loyalty ecosystem, culinary offerings, and distribution network to unlock significant value enhancement for the resort.  

Company Expects Strong Revenue Upside from Resort Rebranding 

The company stated that stabilised revenue from the resort is expected to rise to nearly three times the current levels after renovation and repositioning. ITC Hotels also indicated that the acquisition will diversify revenue streams across leisure tourism, wellness, destination weddings, corporate retreats, and MICE activities.  

As per exchange filings, speaking on the occasion, Anil Chadha, Managing Director of ITC Hotels Limited said, “The acquisition of this exclusive property in Kumarakom marks a strategic cornerstone in our journey to expand ITC Hotels’ footprint into one of India’s most sought-after leisure destinations.  

Kerala’s rich cultural heritage and breathtaking landscapes have always resonated with tourists, and we are thrilled to bring our luxury offerings to this serene backwater sanctuary.” 

Read More: India Strengthens Defence and Energy Ties with UAE During PM Modi Visit! 

ITC Hotels Share Price Performance 

As of 15 May 2026, at 3:30 PM, ITC Hotels share price closed at ₹157.29 per share, reflecting a surge of 1.25% from the previous closing price. 

Conclusion 

The ₹205 crore acquisition strengthens ITC Hotels’ luxury hospitality portfolio and marks a strategic expansion into Kerala’s premium backwater tourism market. 

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.