M&A
Indian Hotels acquires 55% in Tree of Life Resorts brand for Rs.18-Cr
Indian Hotels Company (IHCL), the hospitality arm of Tata Group that runs the Taj Hotels, has acquired around 55% stake in Gurugram-based Rajscape Hotels in an all-cash deal for INR 18 crore. Rajscape Hotels manages 16 boutique properties under the brand ‘ Tree of Life Resorts & Hotels ’ across India and is currently fully owned by Ambuja Neotia group.Tree of Life Resorts is present in over 15 destinations in India, including off-beat locations like Dared, Dehradun, Varanasi, Binsar, Kumaon, and Udaipurwati. Its portfolio consists of 19 resorts and hotels, with two under development.
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