IHCL & Ambuja Neotia Group Enter into Agreement for 15 New Hotels

• SIGNIFICANTLY EXPANDS THE LUXURY ITINERARY IN EAST & NORTH EAST
• PARTNERSHIP GROWS TO 40+ HOTELS

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the agreement signing for 15 new hotels across IHCL’s brands cape with the Ambuja Neotia Group. This capital light arrangement will grow the partnership to over 40 hotels.

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. 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. Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL

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.

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. 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. Mr. Harshavardhan Neotia, Chairman, Ambuja Neotia Group

About the Ambuja Neotia Group

Ambuja Neotia is a prominent corporate house headquartered in Kolkata, with its forte in real estate and subsequent forays into hospitality, healthcare, and education.The company, led by Harshavardhan Neotia, has been responsible for landmark projects in the Eastern Region, particularly in and around Kolkata. Udayan, Kolkata’s first condoville, made good living ‘affordable’ and earned Harshavardhan Neotia, the Padmashree in 1999. This was followed by township projects and housing complexes in Kolkata, Durgapur, Burdwan and Siliguri.With City Centre Salt Lake, the mall concept was revolutionised, followed by City Centres in New Town, Haldia, Raipur and Patna. Leisure destinations like Raichak on Ganges, Taj Chia Kutir, Taj Guras Kutir and Taj Taalkutir added to luxury escapades. The Group forayed into healthcare with Bhagirathi Neotia Woman and Child Care Centre, and the Neotia Getwel Healthcare Centre. Business Parks & Towers including Ecospace and Ecocentre were developed for better work-life balance. The Group established The Neotia University for a brighter tomorrow.Please visit: www.ambujaneotia.com