Latest News, Updates & Breaking Headlines
Indian Hotels Company (IHCL), the owner of the Taj chain, informed the BSE on Thursday that it does not own The Pierre in New York but has leasehold rights for the hotel. IHCL was responding to news articles appearing in media outlets including TOI, which carried a report under the headline “Taj may exit NYC’s…
MUMBAI: New York’s The Pierre Hotel, managed by the Taj chain, may see a change in ownership. The Sultan of Brunei, along with Saudi businessman Essam Khashoggi, has expressed interest in buying the iconic Manhattan property for $2 billion.If the deal is sealed, Taj could check out of the Pierre after nearly two decades of…
