Tatas-owned Indian Hotels Co (IHCL)
has acquired a 10 per cent stake in US-based Orient-Express Hotels for $211.28
million (about Rs 850 crore). IHCL made the acquisition through its wholly owned
subsidiary Samsara Properties.
In early-September 2007, Taj Hotel
Resorts & Palaces had signed a marketing alliance with Okura Hotels and Resorts
of Japan. In the case of the Okura alliance, the two hotel majors have combined
reservations in their nominated hotels.