Mumbai, Dec. 17 -- The acquisition is structured by purchasing a 100% ownership stake in two companies viz., THALI Hotels and Destinations (THALI) and Fishermans Grove Resorts (FGRPL).

By acquiring these two companies, the company would secure full ownership of the new hotel property.

Further, the company has executed two separate agreements to acquire another property, 'The Malabar House', located in Fort Kochi, Kerala.

First, the company signed a lease deed with Cochin Residency (CRPL), which owns the hotel premises. Second, the company executed a share purchase agreement to acquire at least a 90.96% stake in CRPL, with the option to increase this to a 100% ownership stake.

This acquisition includes the hotel property itself, which ...