HOTEL :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)

MUMBAI | 22 JULY 2025

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.

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.”

(IHCL & AMBUJA NEOTIA GROUP ENTER INTO AGREEMENT FOR 15 NEW HOTELS)

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 NeotiaGetwel 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

About The Indian Hotels Company Limited

The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for the most discerning travellers and ranked as World’s Strongest Hotel Brand 2025 and India’s Strongest Brand 2025 as per Brand Finance; Claridges Collection, a curated set of boutique luxury hotels merging elegance with historical charm; SeleQtions, a named collection of hotels; Tree of Life, private escapes in tranquil settings; Vivanta, sophisticated upscale hotels; Gateway, full-service hotels designed to be your gateway to exceptional destinations and Ginger, which is revolutionising the lean luxe segment.

Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel – The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of over 400 hotels including 152 under development globally across 4 continents, 14 countries and in over 150+ locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is listed on the BSE and NSE.

Please visit: IHCL; Taj; Claridges Collection; SeleQtions; Tree of Life; Vivanta; Gateway; Ginger

For media queries, please contact: corpcomm@ihcltata.com

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