IHCL acquires majority shareholding in operating company of Tree of Life
Indian Hotels Company (IHCL) announced the acquisition of a majority shareholding in the operating company of Tree of Life on Tuesday.
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Puneet Chhatwal, MD and CEO of 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,» he added.
He said 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 has properties in over 15 destinations including locations such as Dared, Dehradun, Varanasi, Binsar, Kumaon, and Udaipurwati.
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