IHCL doubled the number of Taj-branded Hotels and room keys in the last five years.
Spread over around 18 acres, Jai Mahal - 260 years old royal palace – had been converted into a Heritage hotel and is managed by the Taj group of hotels.
Weeks after ousting him as Chairman of Tata Sons - the holding company of the USD 100-billion Tata Group, Mistry has been replaced as the head of TCS, the crown jewel in the Tata conglomerate portfolio, with Ishaat Hussain as interim chair.
On Storyboard this week we have A] Ad veteran Ambi Parameswaran launches a new book with a very interesting name Nawabs, Nudes, Noodles; B] How is Taj Hotels, Resorts and Palaces delivering more engaging experience to their consumers; and C] We get to see how Coke is paying tribute to Pepsico's former Chief Executive Roger Enrico.
Talking about the expansion in the overseas market, Sarna said, IHCL's focus will be the GCC and the South East Asian countries, including Thailand, Singapore Vietnam and Cambodia.
The board of the company, at a meeting held today, approved its wholly-owned subsidiary United Overseas Holding's (UOH) plan to "pursue the option of divestment of the Taj Boston hotel by way of sale/disposal of the LLC interests in IHMS (Boston) LLC", Indian Hotels said in BSE filing.
The hospitality major will open 16 new hotels in the current financial year and has plans to open 11 more hotels in the next 2-3 years.