The Taj checks in at the Pierre
Business Today — June 6, 2005

On June 9, the top brass from the Indian Hotels will meet up with the cooperative board that owns the properties that house the luxurious Pierre hotel in mid-town Manhattan, New York, to ink the final elements of a $45-million (Rs 198-crore), 30-year lease that will return the Tatas to New York (they exited the city's Lexington Hotel a few years ago). If all goes well, from July 1, 2005, the Indian tri-colour will fly atop the entrance, replacing the Canadian flag put up by their predecessor, Four Seasons. "It is a landmark transaction for us," preens R.K. Krishnakumar, Chairman, Indian Hotels, who spearheaded the bid.