Taj Hotels Looks To Buy Boston's Ritz-Carlton Hotel
Don't breathe a word of this. Because nobody's supposed to know. But the Taj Group, a hotel conglomerate from India, is the super-secret suitor negotiating to buy Boston's Ritz-Carlton hotel.
The Indian luxury chain, which recently purchased The Pierre in NYC from the Four Seasons, reportedly is seeking similar properties in so-called 'gateway' U.S. cities to build a five-star hotel company under The Pierre flag. The Tajies currently own 57 hotels in 40 locations across India with an additional 18 international hotels around the globe.
'We're waiting,' said one Ritz insider, 'but there's nothing definitive yet.'
As we told you weeks ago, the owners of the grand dame on Arlington Street, Millennium Partners, have been looking to unload the Ritz and employees have been told that the hotel may soon be under new management.
Hotel spokesgal Caron LeBrun yesterday reiterated the party line saying she couldn't comment on 'rumors and speculation.'
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Source - Boston Herald
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