Suba Group's Click acquires controlling stake in leisure group1589 Hotels

Click Hotels envisions crossing 3,000 rooms and plans to have a pan India presence by 2021.

Mumbai-based Click Hotels, a part of Suba Group of Hotels, has acquired a controlling stake in Gurgaon-based 1589 Hotels for an undisclosed amount, said people privy to the deal. Mansur Mehta, MD, Suba Group, confirmed the development. With this acquisition, the total number of hotels at the hospitality firm goes up to 50 from the present 15 and the number of rooms goes up to 1800 from the current 400.

The transaction in the budget segment of the hotel comes at a time when quite a few hotels have shut down due to the Coronavirus (Covid-19) pandemic and many have been