The Sahara Group will bid for the TajMansingh hotel in central Delhi if it is put up for auction by the property's owner NDMC, Subrata Roy, chairman of diversified group, told ET in an exclusive interview this week.
"We are definitely after it,
we are working on it...If the hotel property is auctioned, we will go for it," Roy said at his residence in Lucknow. The group's interest in the hospitality sector is well known after a series of recent acquisitions in the US and the UK, including the Grosvenor House and New York's The Plaza. The Taj Mahal hotel on Mansingh Road in Delhi is now operated by the Tata Group's hotel arm Indian Hotels Company under a lease agreement with the New Delhi Municipal Corporation (NDMC). The civic body is, however, considering a plan to auction the hotel after Tata's 33-year lease, plus a year's extension, ends this year.
Source
Search for Food & Beverage Jobs with Taj Group of Hotels>
we are working on it...If the hotel property is auctioned, we will go for it," Roy said at his residence in Lucknow. The group's interest in the hospitality sector is well known after a series of recent acquisitions in the US and the UK, including the Grosvenor House and New York's The Plaza. The Taj Mahal hotel on Mansingh Road in Delhi is now operated by the Tata Group's hotel arm Indian Hotels Company under a lease agreement with the New Delhi Municipal Corporation (NDMC). The civic body is, however, considering a plan to auction the hotel after Tata's 33-year lease, plus a year's extension, ends this year.
Source
Search for Food & Beverage Jobs with Taj Group of Hotels>