The Indian Hotels Company Limited (IHCL), backed by Tata Group, has broadened its brand portfolio by forming a strategic alliance with Kolkata s Ambuja Neotia Group for Tree of Life Resorts & Hotels, which was recently acquired by the latter. Last November, the Kolkata-based Ambuja Neotia Group disclosed its acquisition of Gurgaon-based boutique hotel chain Tree of Life Resorts & Hotels, with the transaction amount undisclosed.
Kolkata s Ambuja Neotia Group has acquired Gurugram s Tree of Life Resorts & Hotels, a boutique hotel chain with 14 locations across India. This strategic move bolsters Ambuja Neotia Group s presence in the hospitality sector, adding 200 keys to its existing portfolio of over 750 keys managed by global brands like IHCL.
Ambuja Neotia Group Acquires Tree Of Life Resorts & Hotels menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Hospitality Industry Eyes Long-Term Gains Beyond G20 Summit-Led Occupancy, Rate Surges menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Leaders of the tourism and hospitality sectors see the expected cent per cent occupancy figures during the upcoming G20 Summit as only a short-term gain, compared to the longer-term impact of the government's decision to hold 200-odd meetings .