The sudden resignation and almost-immediate announcement of a successor came as a surprise to many.
Raymond Bickson, chief executive officer and managing director of Taj Hotel, said on Saturday that there has been no indication from the investigating agency that any employee or contractual staff, of the hotel, have been involved in the terror attack as is being reported by a section of the media.
Indian Hotels Company Ltd has secured New York-based Pierre Hotel on lease.
The Tata Group company owns and runs six brands of hotels in the luxury, premium, mid-market and value segments.
The Indian Hotels Company has got four brands to cater to different markets.
The Taj Mahal Hotel, which completed 100 years of existence on Tuesday, will continue as the symbol of India's hospitality and warmth, Tata Group Chairman Ratan Tata said in Mumbai.
The tata group intends to invest Rs 1,500 crore (Rs 15 billion) in setting up 150 'value hotels' in India and abroad over the next five years.
The multi-brand strategy could drive profitability to a 25% profit margin in the next five years from 17% now.
The 36 new properties, which will also include expansion across two new countries, will add 5,431 rooms.
Experts view this as a case of "failed experiment" in succession
Indian Hotels, Tata Steel, Tata Teleservices, Tata Motors, Tata Power need some immediate attention of the Tata Group chairman
The Indian Hotels Company Ltd, operating the Taj brand of hotels, on Wednesday said it expects revenue from its International operations to be one third of the total revenue in the next five years
The 112-year old hotel chain has readied a three-pronged turnaround plan
'Crores are spent on Martyrs Day and on lighting candles, but people don't respect living soldiers who are heroes.'
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