Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the agreement signing for 15 new hotels across IHCL’...
Indian Hotels Company (IHCL), India’s largest
hospitality company, today announced the agreement signing for 15 new hotels
across IHCL’s brandscape with the Ambuja Neotia Group. This capital light
arrangement will grow the partnership to over 40 hotels.
Mr. Puneet Chhatwal, Managing Director & Chief
Executive Officer, IHCL 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.”
He added, “These projects, predominantly under the
Taj brand are expected to come on stream over the next five years beginning
with the signing of four hotel operating agreements for a Taj in Darjeeling and
a SeleQtions in Kolkata and Siliguri each and one Tree of Life in Lataguri.”
The 15 new sites identified to be developed are a
combination of greenfield, brownfield and conversion projects and are spread
across the states of West Bengal, Sikkim and Himachal Pradesh. This includes a
Taj resort in Sunderban, Darjeeling, Shimla and Rabong, SeleQtions hotels in
Kolkata and Siliguri and a Tree of Life in Lataguri. A few select projects will
also include Taj branded villas, Darjeeling, Sikkim, Lataguri and Raichak.
Mr. Harshavardhan Neotia, Chairman, Ambuja Neotia
Group, 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. IHCL with its iconic
brand Taj, recently ranked as the World’s Strongest Hotel Brand is renowned for
its world-class service, enabling it to showcase these destinations on the
global tourism map.”
He added, “North East, the unexplored region of
India has tremendous potential for bespoke luxury travel. 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.”
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