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Article: Taj Hotels Agrees to Acquire the Campton Place, San Francisco for $58 Million, Continuing Its U.S. and Worldwide Expansion.
- Article from:
- Business Wire
- Article date:
- April 6, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Taj Enters the West Coast with 110-Room Luxury Hotel That Joins Taj Boston, The Pierre in New York as Third U.S. Property; More Acquisitions Planned
MUMBAI, India -- Continuing its global expansion strategy, Taj Hotels Resorts and Palaces has entered into a definitive agreement to acquire The Campton Place, San Francisco, from the Kor Hotel Group for $58 million. The potential acquisition will expand Taj's U.S. presence to three luxury properties.
Announcing the transaction, Raymond Bickson, CEO and managing director of Taj Hotels, said "We're thrilled to add this exceptional San Francisco hotel to our growing collection of luxury properties in the ...