Indian Hotels signs operating lease for Germany hotel
₹5,809.91 crores from ₹3,056.22 crores in the previous year. Among its key international subsidiaries, UOH Inc owning US hotels registered a turnover of ₹657.69 crores and St.
James Court Hotel Ltd. owning UK hotels registered a turnover of ₹418.27 crores during the fiscal.
Per its report, it is also present in Bhutan, Maldives, Nepal, South Africa, Sri Lanka, United Arab Emirates, and Zambia. Some of these are in the form of fully owned subsidiaries, while others are joint ventures and associate companies.
Taj will re-open it with 134-rooms. “Frankfurt is a major international crossroads where we will set new standards for luxury hotels while also achieving a milestone as the first Taj hotel in continental Europe," said Boris Schran, managing partner at Peakside Capital.
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