IHCL Strenghtens Presence In Experiential Leisure Segment

IHCL Dives into Experiential Leisure

Indian Hotels Company (IHCL) has announced the acquisition of a majority shareholding in Tree of Life’s operating company, partnering with Ambuja Neotia Group.

Speaking on the occasion, Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL, said, “This acquisition aligns with IHCL’s pioneering ethos of creating destinations and building and scaling new hospitality formats. It also reflects our vision of expanding existing partnerships in line with our growth strategy. Currently, IHCL partners 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.”

Tree of Life Resorts offers an escape from the every day, embodying the essence of authentic India in over 15 destinations, including off-beat locations like Dared, Dehradun, Varanasi, Binsar, Kumaon, and Udaipurwati.

Mr. Harshavardhan Neotia, Chairman of Ambuja Neotia Group, said, “We are delighted to welcome IHCL to our newest venture, taking our collaboration to the next level. As a leader in Indian hospitality, IHCL has been instrumental in pioneering new destinations and travel segments, placing India on the global tourism map. With a proven track record of successfully scaling brands across various formats, we are confident of growing the Tree of Life portfolio with their expertise in developing and operating boutique leisure offerings.”

The Tree of Life portfolio consists of 19 resorts and hotels, with 2 currently under development.