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Indian Hotels Company, Ambuja Neotia Group sign agreement for 15 new hotels

22 Jul 2025 Evaluate

Indian Hotels Company (IHCL) has signed agreement 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.

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.

Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.


Peers
Company Name CMP
The Indian Hotels Co 723.45
ITC Hotels 160.45
Mahindra Holi.&Resor 196.15
EIH 299.05
Chalet Hotels 835.70
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