Joint Venture5 Nov 2024, 09:01 pm
IHCL Acquires Majority Shareholding in Tree of Life, Joins Hands with Ambuja Neotia Group
AI Summary
The Indian Hotels Company (IHCL) has announced the acquisition of majority shareholding in the operating company of Tree of Life, a luxury resort chain, joining hands with Ambuja Neotia Group. This acquisition aligns with IHCL’s pioneering ethos of creating destinations and building and scaling new hospitality formats. IHCL is excited to onboard the Tree of Life brand and scale it to 100 properties by 2030. The Tree of Life portfolio is currently 19 resorts & hotels with 2 under development.
Key Highlights
- IHCL acquires majority shareholding in Tree of Life, a luxury resort chain
- This acquisition aligns with IHCL’s pioneering ethos of creating destinations and building new hospitality formats
- IHCL aims to scale Tree of Life to 100 properties by 2030
- Tree of Life portfolio currently has 19 resorts & hotels with 2 under development
- IHCL and Ambuja Neotia Group have a successful partnership for seven hotels and resorts