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Indian Hotels, said earlier this week it had paid $211.3 million for a 10 percent stake in Orient-Express Hotels. Orient-Express Hotels: A name synonymous with the ultimate in luxury and service for over 25 years, Orient-Express owns and manages hotels, trains, cruises and restaurants in some of the most magical locations our planet has to offer. Orient-Express encompasses a myriad of luxury travel experiences to suit all tastes, in settings as diverse as Peru, Botswana, Tahiti, Portugal and Australia. Orient-Express Hotels has turned down a proposal from Indian Hotels Co Ltd for a strategic alliance. Read the complete story, click here Editor: I was mentioning to someone the other day, how Taj Hotels (IHCL) has been buying of individual properties and how they must be itching to buy out a running luxury operation. You cant fault the logic. The luxury market is all about brand name and perception and with Mr. Krishna Kumar (architect of the Tata Tea - Tetley deal) & Mr. Bickson (Internationally renowned hotelier) this was coming. I do think, this will be taken forward. However how & when we'll keep you updated. By the way, ITC owns 14.9% of Oberoi Hotels and according to them its only for investment purposes, nothing else.... Other stories on Taj Group | See Jobs with Taj Group| Search for Jobs with Taj Group | Daily Extras! Eclat Me | Success Tip of the Day| 1DailyDiversion| Eclat Web - Must Visit Websites! A Beautiful Pic Every Day! Word of the Day| Quotation of the Day| Make Money! Immigration News! Desire- WOW Stuff! Stock Mkt Updates |
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