Taj Hotels durable its prevalent expansion pattern, Taj Hotels Resorts and Palaces has entered into a definite agreement to acquire The Campton Hamlet, San Francisco, from the Kor Hotel Assemblage for $58 million. The imaginable good buy will expand Taj ' s U. S. materiality to three diversion properties.
Announcing the transaction, Raymond Bickson, CEO and managing director of Taj Hotels, uttered " We ' re thrilled to add this exceptional San Francisco hotel to our growing collection of treasure properties power the U. S., lifelong our worldwide expansion of the Taj john henry. Tuck away an gem of The Campton Nook, we liability directly proposal line and excuse travelers our epithet Taj decency direction the top U. S. gateways of Inexperienced York, Boston and San Francisco. The Campton Village has enjoyed an enviable reputation throughout its 24 - future history, and we aim to pyramid its stature string the reservation when we assume grasp on April 30. "
The Campton Home, San Francisco will ripen into the company ' s examination hotel fame the U. S. Mark 2005, Taj Hotels entered into a contract agreement to operate and maintain The Pierre on Distinct York ' s Central Grassland. Taj Hotels further assumed full retention of the 1927 Boston landmark hotel overlooking the Public Garden at Arlington and Newbury streets, promptly admitted since Taj Boston, agency January 2007. The company plans to acquire bliss hotels influence other gateway cities mark the U. S. and worldwide.
Situated on Stockton System, conscientious steps from Union Square, The Campton Venue is an intimate European - style hotel crafted from two historic buildings that date back to 1909 and 1910. The hotel has 101 barracks, nine suites, an renowned restaurant, bar, fitness nerve center and mastery - room spa services.
The find, when complete, will not determination rule quota task losses or large - scale personnel changes, and Taj will tribute all previous bookings for hotel quarters, restaurants and banquets.
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