Loading...
You have Successfully logged In !
Already have an account? Login
By clicking Register you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Don't have an account?Register
Enter your E-mail address below, We will send the verification code
Please enter the code send to
Didn't receive the email?Click to resend
Your password has been successfully reset!.
Please login again to access your account.
An OTP has been sent to
Enter the 4-digit code
By Author
Published on November 6, 2023
Kolkata-based Ambuja Neotia Group has recently announced their acquisition of Tree of Life Resorts & Hotels, significantly broadening their footprint in the hospitality industry. With the purchase of Gurugram-based Tree of Life Resorts & Hotels, a leading collection of boutique hotel experiences across 14 destinations in India, Ambuja Neotia strengthens its position in the hospitality sector.
Tree of Life Resorts & Hotels, which was founded in 2009, has firmly established itself in the boutique hotel space. It is renowned for offering guests exceptional experiences, personalized service, serene surroundings, and privacy. This acquisition represents a significant move by Ambuja Neotia to enhance its guest offerings.
Ambuja Neotia Group, a prominent corporate entity engaged in real estate, healthcare, hospitality, and education, has made a strategic decision to expand its presence in the hospitality industry. This acquisition aligns with the group's vision of dynamic growth and diversification in the sector.
The acquisition of Tree of Life Resorts & Hotels introduces a range of new properties to the Ambuja Neotia portfolio. Ambuja Neotia Group owns over 750 rooms across its portfolio, managed by various global hospitality brands, and this acquisition adds approximately 200 more rooms. The group has embarked on a mission to offer exceptional and memorable stays to its guests.
Himmat Anand, the founder of Tree of Life Resorts & Hotels, said, “I believe it is time for the company to achieve even greater success under new leadership. I could not have found a better person than Mr. Harshavardhan Neotia and the Ambuja Neotia Group as the ideal successors to lead the organization to new heights.”
Vinoth Ram, the new CEO of Tree of Life Resorts & Hotels, has a clear vision for the brand's future. He sees the Tree of Life brand as perfectly poised to cater to the evolving trends in leisure travel. “My primary objective is to expand the brand's presence throughout this vast and diverse country, providing an array of unique and exceptional experiences," he added.
This acquisition by Ambuja Neotia Group represents a significant step in its journey to provide exceptional experiences to guests. With a strong leadership team and a commitment to preserving the essence of the Tree of Life brand, the future of this venture appears promising. Ambuja Neotia Group is determined to offer unique, unforgettable experiences to travelers across the country through this strategic expansion in the hospitality sector.
From Uttarakhand, India to New York: Yogesh Singh Rawat’s In...
In the ever-evolving world of hospitality, stories of persev...
Unboxed at The Lalit: Pride Month Exhibition Puts Queer Art ...
In a city where tradition and transformation often collide, ...
Al Habtoor City Redefines Luxury Wellness Escapes in Dubai
In the heart of Dubai’s vibrant landscape lies Al Habtoor Ci...
GReaT Green Meetings: Great Trails Yercaud by GRT Hotels Unv...
Great Trails Yercaud by GRT Hotels has unveiled an innovativ...
By Nishang Narayan
Published on July 5, 2025
Hyatt Hotels is doubling down on its asset-light strategy with a major move—selling Playa Hotels’ real estate portfolio to Tortuga Resorts for $2 billion. This follows Hyatt’s acquisition of Playa in February for $2.6 billion, including debt. Playa operates 24 luxury all-inclusive resorts across Mexico, Jamaica, and the Dominican Republic.
The sale covers 15 of Playa’s resort assets, effectively reducing Hyatt’s net purchase price for the remaining Playa business to around $555 million. The deal, still pending regulatory nods in Mexico, is expected to close before the end of 2025.
As part of the arrangement, Hyatt and Tortuga will enter into 50-year agreements for these properties, allowing Hyatt to continue managing the resorts. Thirteen of the resorts will operate under Hyatt’s standard management fee structures, with two under separate agreements.
Hyatt CEO Mark Hoplamazian called the move transformational, noting it turns the Playa acquisition into a fully asset-light transaction. "It also ramps up our fee-based earnings," he added. Hyatt now anticipates its asset-light earnings mix could hit at least 90% by 2027.
Analysts view the swift real estate divestment positively, seeing it as a smart way for Hyatt to stay nimble while bolstering returns. Proceeds from this deal will primarily go toward repaying loans taken to finance the Playa buyout.
Novotel Visakhapatnam Varun Beach, a flagship Accor property, has proudly announced that it has been awarded the Green Key Certification, a globally recognised eco-label that underscores excellence in sustainable tourism and hospitality.
Granted by the Foundation for Environmental Education (FEE)—one of the world’s leading environmental education organisations and recognised by the Global Sustainable Tourism Council (GSTC)—the certification marks a significant milestone in the hotel’s ongoing efforts to integrate eco-friendly practices without compromising guest comfort or luxury.
Lakshmi Sridhar, General Manager, Novotel Visakhapatnam Varun Beach, said, “At Novotel Visakhapatnam Varun Beach, we believe that sustainability is not just a responsibility, but a way of life. Being Green Key certified reinforces our commitment to offering eco-conscious experiences that align with global environmental standards.”
The hotel has rolled out various impactful initiatives, from using clean, renewable energy and implementing robust waste management practices to driving water conservation, enhancing energy efficiency, and sustainably sourcing products. These measures are designed to benefit not only the environment but also the local community.
As travel trends increasingly lean towards conscious luxury and responsible tourism, this certification positions Novotel Visakhapatnam Varun Beach as a leader in sustainable hospitality in India.
Indian Hotels Company (IHCL), India’s largest hospitality player, has announced the signing of a new Vivanta property in Anjuna, Goa. This greenfield project marks another step in IHCL’s strategy to grow its presence across key leisure destinations in India.
Strategically located in Anjuna, celebrated for its vibrant culture and beaches, the upcoming Vivanta Anjuna, Goa will feature 110 well-appointed rooms. Guests can look forward to an array of facilities including an all-day diner, a bar, a swimming pool, a fully equipped gym, and modern conference spaces, catering to both leisure and business travellers.
Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL, shared, “IHCL has been at the forefront of pioneering destinations and has played a defining role in putting Goa on the global tourism map for over five decades. This signing is in line with our strategy to expand IHCL’s presence across segments in key leisure markets. We are delighted to strengthen our partnership with Fiesta Hotels with this new project.”
The hotel is being developed by Fiesta Hotels Pvt. Ltd., led by directors Ravinder Kumar, Manju Vardhan, Raj Vardhan, Harsh Vardhan, Gagan Garg, and Gaurav Garg, who have deep investments in real estate and hospitality. Ravinder Kumar, Director, Fiesta Hotels Pvt. Ltd., said, “We are proud to collaborate with IHCL through the addition of our second hotel in Goa. It stands as a testament to our shared vision to deliver exceptional experiences in one of India’s most cherished destinations.”
Goa continues to attract travellers with its sun-soaked beaches, Portuguese-era architecture, thriving culinary and music scene, and vibrant local communities. With this signing, IHCL’s Goa portfolio grows to 18 hotels, including five under development, underscoring its long-standing commitment to shaping Goa’s tourism landscape.
Stay up-to-date with the latest Hospitality news and trends in the Hospitality industry!
Subscribe to Hospitality news e-magazine for free and never miss an issue.
By clicking subscribe for free you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Advertise With Us
We have various options to advertise with us including Events, Advertorials, Banners, Mailers, etc.
A platform dedicated to showcase the skills and creativity of hospitality professionals. Share your articles, videos and other content related to the industry and get recognized for your unique perspective and expertise. By posting your content and gaining likes from your own community, we'll categorize your talents and expose them to the hospitality world. Join our community of passionate hospitality professionals and let your talent shine!.
Already have an account?Login
By clicking you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Subscribe for ₹2,000 and receive our monthly magazine for one year (12 months) from the coming month and save 2 months cost.