The InterGlobe Accor CCI merger has received unconditional regulatory clearance from the Competition Commission of India (CCI), marking a significant consolidation in India’s branded hospitality sector. JSA Advocates & Solicitors advised InterGlobe Enterprises Private Limited and AAPC India Hotel Management Private Limited (Accor) in securing the CCI’s approval for the merger of AAPC India Hotel Management, Caddie Hotels Private Limited, Triguna Hospitality Ventures (India) Private Limited, and certain other group entities with and into InterGlobe Hotels Private Limited. The CCI granted its unconditional approval on 5 August 2026.
Introduction
The CCI approved a proposed corporate restructuring involving InterGlobe Hotels Private Limited (IGH) and several hotel companies jointly owned by the Bhatia Family Group and the Accor Group. The approved combination includes the merger of AAPC India Hotel Management Private Limited, Caddie Hotels Private Limited, Triguna Hospitality Ventures (India) Private Limited, Srilanand Mansions Private Limited (SMPL), Techpark Hotels Private Limited, and Accent Hotels Private Limited into InterGlobe Hotels Private Limited. The restructuring also involves related share acquisition transactions that form part of the overall combination.
InterGlobe Hotels currently owns and develops Accor-branded hotels managed by AAPC India, leases office and commercial spaces, and provides consultancy and support services within the group, while AAPC India manages and franchises Accor-branded hotels across India. Caddie Hotels owns and develops Accor-branded hotel properties managed by AAPC India and also leases an office tower located within a hotel property in Delhi. Triguna functions as an investment holding company, and its wholly owned subsidiaries — Srilanand Mansions, Techpark Hotels, and Accent Hotels — are engaged in owning and developing Accor-branded hotels.
The transaction aims at combining Accor’s hotel management and brand platform with InterGlobe’s hotel ownership and development business to create an integrated platform for the development, ownership, management, and expansion of Accor-branded hotels in India.
Legal Teams Involved
JSA Advocates & Solicitors secured the CCI approval for this merger, advising the parties throughout the merger control process before the CCI, including on transaction structuring, merger control strategy, notification, and competition law assessment. The firm represented both InterGlobe Enterprises Private Limited and AAPC India Hotel Management Private Limited (Accor).
The JSA team comprised the following members:
- Vaibhav Choukse — Partner (Team Lead)
- Ela Bali — Partner
- Aditi Khanna — Principal Associate
- Faiz Siddiqui — Senior Associate
- Priyanshi Jain — Associate
- Yaatri Shah — Junior Associate
Significance and Impact
InterGlobe is one of India’s leading business conglomerates, with interests spanning aviation, hospitality, travel, logistics, and technology. Accor is a leading global hospitality group with a portfolio of brands in India, including Novotel, ibis, Pullman, Mercure, Sofitel, Hoxton, Mama Shelter, Fairmont, and Raffles.
InterGlobe Hotels, AAPC India, Triguna, and Caddie are jointly owned and controlled by the Bhatia Family Group and the Accor Group, and the combination aligns ownership and management arrangements across the implicated businesses. The approval clears the way for multiple share acquisitions and the merger of several entities into IGH, with the transaction aimed at consolidating the ownership and operations of Accor-branded hotel assets under a single corporate structure.
The restructuring is essentially a legal simplification to bring together the companies managing Accor-branded properties under one roof, a move that could give fresh momentum to their pursuit of new acquisitions and management or franchise contract signings. For the competition law practice, the mandate underscores the growing complexity of merger control filings in the hospitality sector, where multi-entity group restructurings require granular analysis of overlapping ownership, brand licensing, and management arrangements. Track more such mandates on our Deal Meter.
The unconditional CCI clearance for the InterGlobe Accor CCI merger paves the way for a consolidated, integrated hospitality platform combining Accor’s brand and management capabilities with InterGlobe’s ownership and development infrastructure across India. The approval formalises the transfer of ownership stakes and the legal amalgamation of the stated companies into InterGlobe Hotels. JSA Advocates & Solicitors’ multi-partner team, led by Vaibhav Choukse and Ela Bali, navigated the full merger control process from structuring through notification and regulatory clearance.
Disclaimer: This article is for informational purposes only and does not constitute legal advice. It is based on the details provided and publicly available sources.
