Indian Hotels Company invests in Orient-Express
The Indian Hotels Company (IHCL) – owner of the Taj brand – has acquired a 10 per cent share in Orient-Express Hotels for US$211m (£106m, 152m euro).
Krishna Kumar, vice chair of IHCL, said: “Over the past few years, we have pursued the objective of growing the Taj brand internationally. As part of this strategy, we have been pursuing alliances with leading hotel groups that have not yet set up a presence in India, but have leadership positions elsewhere.
Kumar concluded: “This move is in line with our plans as a company.”
Orient-Express Hotels owns or part owns and manages 35 hotels – some with spas – in 25 countries around the world, as well as trains and cruisers. (See Spa Business 07 3 p22. To order, visit www.spabusiness.com)
More News
Work is underway in Madrid on one of Europe’s most significant multi-functional complexes, combining sport, entertainment, culture and education.
The €800 ... More
Movie Park Germany has opened a new Paramount Pictures-themed attraction as part of its 30th anniversary celebrations, using immersive storytelling and adaptive reuse ... More
Efteling has opened Hooghmoed, a new family drop tower designed to broaden the appeal of its recently launched Sirene Island themed area and ... More
- News by sector (all)
- All news
- Fitness
- Personal trainer
- Sport
- Spa
- Swimming
- Hospitality
- Entertainment & Gaming
- Commercial Leisure
- Property
- Architecture
- Design
- Tourism
- Travel
- Attractions
- Theme & Water Parks
- Arts & Culture
- Heritage & Museums
- Parks & Countryside
- Sales & Marketing
- Public Sector
- Training
- People
- Executive
- Apprenticeships
- Suppliers






