IHCL acquires majority stake in Tree of Life Resorts, expands presence across India
The collaboration will enable IHCL to broaden its reach and introduce its quality standards to Tree of Life’s unique offerings
Indian Hotels Company Limited (IHCL), has acquired a majority stake in Tree of Life Resorts, marking a strategic partnership with the Ambuja Neotia Group. This move aligns with IHCL’s commitment to diversifying its portfolio and strengthening its presence in offbeat travel destinations across India.
Tree of Life Resorts is known for providing serene getaways that highlight the essence of authentic Indian experiences. The brand currently operates 19 resorts in unique locations, including Dared, Dehradun, Varanasi, Binsar, Kumaon, and Udaipurwati, with two additional properties in development. Each Tree of Life property is carefully designed to offer guests a tranquil escape, blending luxury with local culture and heritage.
Speaking on the occasion, 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. 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.”
IHCL’s investment reflects its strategy to tap into India’s burgeoning demand for experiential travel and promote lesser-explored destinations. The collaboration will enable IHCL to broaden its reach and introduce its quality standards to Tree of Life’s unique offerings, reinforcing its position as a leader in India’s growing hospitality sector.
Harshavardhan Neotia, Chairman, Ambuja Neotia Group, said, “We are delighted to welcome IHCL to our newest venture taking our collaboration to the next level. As leaders 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.”
