TATA Group Retains Taj Mansingh Hotel At New Delhi
NEW Delhi’s iconic Taj Mansingh Hotel with 292 luxury rooms has been retained by Tata Group’s Indian Hotels Company Limited (IHCL) for 33 years after winning the New Delhi Municipal Council (NDMC) auction after surpassing its rival, ITC Group. Hailing Taj Mansingh as an “important part of the cultural and historic fabric of the national capital”, IHCL MD and Chief Executive Officer Puneet Chhatwal hailed the decision and said that the company looks forward to taking the hotel to “new heights. “We would like to thank our customers for their enthusiastic support and our employees, who have always offered exceptional service to our guests for over 40 years. We look forward to investing in the hotel and taking it to new heights of Indian hospitality. The Taj legend will continue to serve Delhi with elegance and charm,” he said. The property, owned by the NDMC, was given to IHCL on a 33-year lease in 1978, which ended in 2011. Since then, IHCL was given nine temporary extensions. However, the civic body could not auction the property located in the heart of Luyten’s New Delhi, as it was tied up in a legal battle with IHCL. The auction had been pending since the lease expired in 2011.The lease will be granted by NDMC at double the license fees.”The Tata group’s Indian Hotels Company Limited (IHCL) has retained the property at license fees of Rs 7.03 crore per month including GST. Earlier, they were paying Rs 3.94 crore per month as license fees,” a senior NDMC official.
