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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.
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