Cel­e­bra­tion Time

Business Today - - THE BREAKOUT ZONE -

Haute ho­tels abound all over In­dia, but the Taj Mansingh in Delhi is a ver­i­ta­ble grande dame that is now cel­e­brat­ing its 40th year. What makes this year’s cel­e­bra­tion even sweeter is the fact that af­ter fight­ing a seven-year-long court case, the Tata Groupowned In­dian Ho­tels (IHCL) won the bid to re­tain the prop­erty for the next 33 years. The auc­tion by the New Delhi Mu­nic­i­pal Coun­cil (it owns the shell of the build­ing) also saw the ITC Ho­tels bid­ding. Be­sides the Tata touch, the ho­tel’s USP is its lo­ca­tion in Lu­tyen’s Delhi and its prox­im­ity to the posh Khan Mar­ket. Over the past few years, IHCL has shied away from mak­ing any key in­vest­ment into the prop­erty as it was un­clear whether the li­cence would be ex­tended. But its ren­o­va­tion is a top pri­or­ity now as the group is keen to re­store the ho­tel to its for­mer glory.

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