indias-taj-hotel-chain-checks-into-ritzcarlton

IndiaÆs Taj hotel chain checks into Ritz-Carlton

The Taj group of hotels acquires the Ritz-Carlton in Boston paying $170 million.
Indian Hotels Company is acquiring the Ritz-Carlton in Boston for $170 million after protracted negotiations that took almost a year.

The two parties - Indian Hotels Company IHC and Millennium Partners which currently owns the Boston property - were in the headlines in August with news of the deal, but then things went quiet as discussion between the buy and sell sides continued.

IHC is part of IndiaÆs leading business group, the Tata group. The Tatas recently announced IndiaÆs largest ever MA transaction and leveraged buyout, agreeing to acquire Corus UK for around $10 billion. IHC manages a chain of mostly luxury properties in India and abroad under the brand name ôTajö. It operates...
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