Taj snaps up second US property

Asian luxury hotel chain Taj has confirmed its second US property with the $170m (£90m) acquisition of Boston’s Ritz-Carlton from its current owners, Millennium Partners. The transaction is scheduled to be completed on 11 January next year and will see the hotel renamed the Taj Boston. “The Ritz-Carlton is one of New England’s finest hotels and we are delighted to extend our presence in the United States,” said Raymond Bickson, managing director and ceo of the Indian Hotels Company, which operates Taj Hotels Resorts and Palaces. “This addition to our international portfolio reiterates our commitment to establishing a significant presence for the brand in key destinations across the globe.” The 273-room hotel, which completed a £26m restoration and refurbishment plan in 2002, is the second US property in the Taj portfolio following its purchase of New York’s The Pierre in 2005.

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