Indian Hotels buys 85% in Claridges subsidiary for Rs 680 crore.
Sea Rock Hotel, one of Mumbai's best-known landmarks since 1978, is changing hands for the second time in four years. Indian Hotels Company Ltd, owners of the Taj properties, on Friday said the company would buy the 400-room hotel located in Bandra from the Delhi-based Claridges, which had acquired the property in 2005.
The sudden resignation and almost-immediate announcement of a successor came as a surprise to many.
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