IHCL and Ambuja Neotia Announce ₹2,700 Crore Investment in West Bengal’s Hospitality Sector

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IHCL and Ambuja Neotia Announce ₹2,700 Crore Investment in West Bengal’s Hospitality Sector

AltAir House – IHCL SeleQtions launched in Kolkata and Siliguri, marking a major boost to tourism and hospitality in the state

Kolkata, October 31, 2026: The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, and the Ambuja Neotia Group have announced a significant expansion of their partnership with the launch of AltAir House – IHCL SeleQtions in Kolkata and Siliguri. On this occasion, Ambuja Neotia also announced an investment commitment of approximately ₹2,700 crore in West Bengal’s hospitality sector across IHCL’s portfolio of brands. The investment will cover key destinations including Kolkata, Raichak, Digha, Siliguri, Lataguri, Kalimpong and Darjeeling, strengthening the state’s tourism infrastructure and hospitality landscape.

Commenting on the development, Puneet Chhatwal, Managing Director and CEO of IHCL, said that the launch of AltAir House under the IHCL SeleQtions brand marks a new chapter in the longstanding partnership between the two groups. He highlighted that the hotels, with their distinctive design, bespoke experiences and curated offerings, are an ideal addition to the IHCL SeleQtions portfolio. Harshavardhan Neotia, Chairman of Ambuja Neotia Group, said that West Bengal offers diverse tourism experiences, ranging from vibrant cities and riverfronts to forests, tea gardens and the Himalayas. He added that the investment reflects the group’s confidence in the state’s tourism potential and its commitment to developing destinations that attract visitors.

Located at Ecospace Business Park in New Town, AltAir House – IHCL SeleQtions, Kolkata features 42 individually designed rooms and suites inspired by Bengal’s rich cultural heritage. The Siliguri property, situated within Uttorayon Township, offers 60 rooms and suites, distinctive interiors and curated dining experiences. Both hotels feature wellness facilities and dedicated spaces for events and celebrations. The Siliguri property also offers indoor and outdoor event venues with a capacity to accommodate up to 1,200 guests, making it an attractive destination for corporate gatherings and social celebrations.

As part of the broader investment plan, Ambuja Neotia will also invest ₹100 crore in the expansion of Taj Chia Kutir Resort & Spa in Darjeeling. The expansion will add 28 rooms and approximately 15,000 square feet of banqueting facilities. The latest announcement further strengthens the partnership between IHCL and Ambuja Neotia, which currently has a portfolio of over 80 properties across India, including 55 resorts under IHCL’s experiential leisure brand, Tree of Life. The investment is expected to contribute to the growth of tourism, hospitality infrastructure and destination-based experiences across West Bengal.


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