IIPM PUBLICATION
The
Indian Hotel company has acquired its first hotel in San Francisco under the brand Taj Hotels, Resorts and Palaces. The European style Campton Place has been acquired for $110 million. This 110-room hotel is the first for the Taj in the east coast and the third in the US after The Pierre in New York and Taj Boston. Campton boasts of a 98-year old heritage. Originally, it had two buildings dating back to 1909 and 1910. In 1984, the hotel reopened with the two buildings being combined into one. The Taj Group plans to make similar acquisitions in the future, concentrating more on the gateway cities of the States.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
No comments:
Post a Comment