TAJ IN FRESH SALE TALKS FOR PROPERTIES IN US
Article Abstract:
The Taj group has begun fresh negotiations, after a $153 million deal to sell two properties at Chicago and New York did not get finalised. Indian Hotels Company of the Taj group wants to sell its 715-room Lexington Hotel in New York for a price of $105 million and its 320-room Executive Plaza in Chicago for $48 million. The money from the sale will be used to settle liabilities, at about $160 million, of its US operations. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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WELCOMHERITAGE EXPANDS THROUGH ACQUISITION ROUTE
Article Abstract:
WelcomeHeritage (WH) has acquired 3 properties in Himachal Pradesh - a fort at Nalagarh, a palace at Taragarh and the Judges Court Mansion in Kangra district. It has a total of 13 properties under its management. WH is a joint venture of ITC Hotels (WelcomGroup) and Murudhar Hotels owned by the Maharaja of Jodhpur. WH will get registration and annual fee for the use of its brand name. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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