With this deal, IHCL will further expand its partnership with Ambuja Neotia Group, which is active in the real estate, hospitality, healthcare, and education segments. "This acquisition aligns with IHCL's pioneering ethos of creating destinations and building and scaling new hospitality formats," said Puneet Chhatwal, managing director and chief executive officer, IHCL, in a statement. "In line with our growth strategy, it also reflects our vision of expanding existing partnerships. Currently, IHCL is in partnership with Ambuja Neotia Group for seven hotels and resorts featuring notable properties such as the Taj Chia Kutir and Taj Guras Kutir in Darjeeling and Gangtok."