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 Indian Hotels sells Taj Boston for $125 million

Indian Hotels sells Taj Boston for $125 million

Indian Hotels Company (IHC), a Tata Group firm, has completed sale of its Taj Boston hotel for USD 125 million (about Rs 839 crore).

Indian Hotels' Q4 net loss narrows to Rs 119.15 crore

Tata group hospitality major Indian Hotels Company has narrowed its standalone net loss to Rs 119.15 crore for the quarter ended March 31, 2015.

Gujarat HC backs sealing of Taj Resort in Gir National Park

The Gujarat High Court has refused to interfere with the shut-down notice issued to Taj Resort of the Indian Hotels Company in the Gir National Park, the only abode of Asiatic lions.

Raymond Bickson quits as Indian Hotels MD & CEO

Bickson will be replaced by Rakesh K Sarna.

Ginger Hotels targets 60% market share by FY17

"There is a huge potential in the branded budget hotel segment. Currently, there are about 7,000-8,000 rooms in this category, of which we have 20-30 percent share. We are aiming for 50-60 percent of this segment by FY'17," Roots Managing Director and CEO P K Mohankumar said here.

Tatas to take final call on Orient-Express Hotels: Mistry

The Tata group hospitality firm Indian Hotels Company, which runs the Taj brand of hotels and resorts, Friday said it would soon take a final call on its relationship with Orient-Express Hotels.

Biocon to replace Indian Hotels from NSE's Nifty Midcap 50

Biotech company Biocon will be included in the National Stock Exchange's Nifty Midcap 50 index, replacing the Tata group hospitality major Indian Hotels Company from next month.

NSE to drop Indian Hotels, Raymond from F&O segment

The National Stock Exchange (NSE) on Thursday said it will exclude Indian Hotels Company and Raymond from its derivative segment.

Indian Hotels to open up to 28 'Gateway' properties in 3 yrs

Tata's IHCL also plans to soon open properties under the Gateway brand in Chennai, Kolkata, Raipur and Hyderabad.

HC seeks NDMC's response on Tata's plea over Taj Mansingh

The 33-year lease of IHC ended in October 2011 and was extended by a year by revising the revenue-share licence fee.

Indian Hotels to have 200 hotels globally by 2018-end

Tata group hospitality major Indian Hotels Company (IHCL) Thursday said it plans to open 83 new hotels globally to take tally to 200 by the end of 2018.

Reviewing options over Orient-Express: Indian Hotels

"The company (IHCL) had received a response from Orient- Express Hotels on November 8, 2012 wherein...The view of the company's (Orient) board was that it would be in their opinion a highly disadvantageous time to sell the company (Orient). The Company (IHCL) is reviewing its options in this regard," IHCL said while declaring its third quarter results.

Cyrus Mistry appointed chairman-designate of Indian Hotels

Tata Sons Deputy Chairman Cyrus Mistry has been appointed as the chairman designate of Indian Hotels Company.

Indian Hotels Q2 net loss at Rs 6.36 crore

Tata Group firm Indian Hotels Company Tuesday reported a net loss of Rs 6.36 crore for the quarter ended September 30, 2012.

Indian Hotels to sweeten Orient Express offer?

Tata group firm Indian Hotels Co is understood to be prepared to increase its offer from USD 1.86 billion to take full control of US-based hospitality chain Orient Express Hotels.

Tatas acquisition offer unsolicited: Orient Express Hotels

US-based Orient Express Hotels has termed the USD 1.86 billion acquisition offer by Tata group firm Indian Hotels as 'unsolicited' and said it will evaluate the proposal 'carefully and respond' accordingly.

Tatas make $1.86 bn offer to buy Orient Express Hotels

Tata group firm Indian Hotels Company Thursday said it will make an offer to acquire US-based Orient Express Hotels, which owns a chain of luxury hotels in US and Europe.

Tatas to run Taj Mansingh hotel for another year

The hotel is being run by IHC on a 33-year lease, which expired last year and was extended till October 2012.

Tata Sons raises stake in Indian Hotels Company

The shares were purchased at an average price of Rs 62.3, valuing the deal to Rs 28.84 crore.

Indian Hotels loss widens 50% on forex loss, new investments

However, the company's turnover improved by 20 percent to Rs 852.57 crore for the quarter, from Rs 711.64 crore in the same period year ago.