We identify and discuss the ground state of a quantum magnet on a triangular lattice with bond-dependent Ising-type spin couplings, that is, a triangular analog of the Kitaev honeycomb model. The classical ground-state manifold of the model is spanned by decoupled Ising-type chains, and its accidental degeneracy is due to the frustrated nature of the anisotropic spin couplings. We show how this subextensive degeneracy is lifted by a quantum order-by-disorder mechanism and study the quantum selection of the ground state by treating short-wavelength fluctuations within the linked cluster expansion and by using the complementary spin-wave theory. We find that quantum fluctuations couple next-nearest-neighbor chains through an emergent four-spin interaction, while nearest-neighbor chains remain decoupled. The remaining discrete degeneracy of the ground state is shown to be protected by a hidden symmetry of the model.
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