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New Delhi’s Taj Mansigh to be Auctioned off

New Delhi's Taj Mahal Hotel, informally known as the Taj Mansigh, is set to be auctioned off after its final lease extension. The lease initially ended in October 2011, but has been extended at least 6 times. The 11 story hotel sits on 3.78 acres and has 294 rooms. The New Delhi Municipal Council finally agreed to the auction in January 2016 but the current operators, Indian Hotels Company Limited, still has time in the current least extension. It is set to be auctioned by the end of June 2016, the estimated price is unknown but with revenues consistently over $30 million, it is sure to be worth a lot.

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Thursday, 19 April 2018
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