Tree of Life Resorts to be acquired by Ambuja Neotia
Noted real estate developer Ambuja Neotia Group announced the acquisition of Gurugram-based Tree of Life Resorts & Hotels. It is a boutique hotel chain operating across 14 destinations in India.
The acquisition marks the group’s foray into hotel management and broadens its footprint beyond the eastern region. Ambuja Neotia Group owns over 750 keys across its portfolio managed by IHCL, with another 200 keys being added now.
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