Tata eyes Ritz-Carlton Hotel in Boston
Pallab Bhattacharya, New Delhi
In its continued overseas acquisition spree, the Tata Group plans to buy the Ritz-Carlton Hotel in Boston, US, for 170 million dollars in a move that will help the leading Indian business house expand its footprint in the United States.The Tata Group, whose interest spans across a range of sectors from steel and automobiles to tea, software services and hotels, is now in due diligence process to execute the deal through the US subsidiary of Indian Hotels Company Ltd which runs Tata's Taj brand of hotels and resorts, according to Indian Hotels Vice Chairman R K Krishna Kumar.
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