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Kolkata , Sept. 8

THE Tata Group is also contemplating acquisitions of hotels or chain of hotels for the Indian Hotel Co Ltd, according to Mr Ratan N. Tata.

He said that the company made a futile attempt to acquire property in the US, where other players outbid it. "Now we are not looking at just real estates but at properties where we can use our brandname," he said.

Indian Hotels, according to him, would like to start off with a minority stake and then increase it subsequently.

According to him, Indian Hotels is eying the region around the Indian Ocean rim, including Africa. In this context, he mentioned that Indian Hotels have properties in Maldives and Mauritius.

More Stories on : Mergers & Acquisitions | Hotels

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