Indian Hotels Company Limited (IHCL) has signed agreements with the Ambuja Neotia Group to launch 15 new hotels in India.
The agreements further expand the companies’ existing partnership to more than 40 hotels.
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IHCL managing director and CEO Puneet Chhatwal said: “IHCL’s pioneering legacy of building destinations like Rajasthan, Kerala, Goa and Andaman and Lakshadweep Islands will now extend to unlocking the tourism potential of the East and North East with this agreement.
“We are delighted to extend our partnership with the Ambuja Neotia Group, known for their luxury hospitality developments showcasing the spirit of this region.”
The new projects, primarily under the Taj brand, are slated to open within the next five years.
It will start with four hotel operating agreements for properties including a Taj hotel in Darjeeling, a hotel under the Tree of Life brand in Lataguri, and a SeleQtions in both Kolkata and Siliguri.
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By GlobalDataComprising a mix of greenfield, brownfield, and conversion projects, the 15 new sites are located across Himachal Pradesh, West Bengal, and Sikkim.
This expansion encompasses a Taj resort in Sunderban, Shimla, Darjeeling, and Rabong, with some of the projects featuring villas under the Taj brand in Sikkim, Darjeeling, Lataguri, and Raichak.
Ambuja Neotia Group chairman Harshavardhan Neotia said: “This announcement follows closely on the heels of IHCL’s strategic partnership with the Ambuja Neotia Group for Tree of Life, reflective of the strength and success of our ongoing collaboration.
“The addition of premium room inventory this fiscal to Taj Chia Kutir in Kurseong, as well as the upcoming Taj-branded luxury villas in Darjeeling, Lataguri and Gangtok, reflects the growing demand from the segment.”
IHCL’s portfolio has more than 400 hotels, encompassing 152 under pipeline, spanning four continents, 14 countries, and over 150 locations.
In November 2023, IHCL revealed plans to open a new Taj property in West Bengal.
