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ITC looking at acquisitions in premium segment

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  • Published On: December 11, 2008
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ITC Hotels, which operates 90 premium hotel properties across the country, is sitting on a big cash pile and is getting ready to bailout distressed realtors with big buys in the hospitality space. "The company is looking to buy assets in the hotel space. We will buy properties in 3 to 7 star rage at a good price," said YC Deveshwar, chairman, ITC.
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