EaseMyTrip Acquires Spree Hospitality For INR 18.25 Cr

EaseMyTrip Acquires Spree Hospitality For INR 18.25 Cr

SUMMARY

Spree Hospitality has footprint in Bengaluru, Mumbai, Pune and Delhi

Spree was founded by Keshav Baljee in 2011, who is also a co-promoter of Royal Orchid Hotels

EaseMyTrip reported a quadruple growth in its net profit for Q2FY22 at INR 27.13 Cr

Online travel platform EaseMyTrip has acquired Spree Hotels & Real Estate Pvt Ltd (Spree Hospitality) for INR  18.25 Cr to expand its footprint in hotel and holiday businesses.

This is EaseMyTrip’s second acquisition in the last one month. In October, the Delhi-based company signed a non-binding agreement to acquire the B2B travel marketplace Traviate.

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