IHCL, Ambuja Neotia Group ink pact for 15 new hotels, focus on east, northeast region

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Indian Hotels Company (IHCL) and Ambuja Neotia Group have announced a partnership. They will develop 15 new hotels, primarily in east and northeast India. Ambuja Neotia Group will invest up to Rs 2,000 crore. The hotels will be a mix of greenfield, brownfield, and conversion projects. These projects will add over 1,000 rooms to the existing 1,500.