Indian Hotels Company (IHCL), India’s largest hospitality firm, said today that it has acquired a majority shareholding in Tree of Life’s operational company, partnering with the Ambuja Neotia group.
Tree of Life Resorts provides peaceful escapes from the daily, embracing the essence of authentic India in over 15 places, including off-beat locations like Dared, Dehradun, Varanasi, Binsar, Kumaon and Udaipurwati.
Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL stated, “This acquisition aligns with IHCL’s pioneering ethos of creating destinations and building and scaling new hospitality formats. In line with our growth strategy, it also reflects our vision of expanding existing partnerships. Currently, IHCL is in partnership with Ambuja Neotia Group for seven hotels and resorts featuring notable properties such as the Taj Chia Kutir and Taj Guras Kutir in Darjeeling and Gangtok.”
He added, “Recognising the growing demand for experiential leisure, IHCL is excited to onboard the Tree of Life brand and scale it to 100 properties by 2030.”
