Taj Hotels takes over the management of The Pierre, New York
Makes its debut in the New York luxury market with the city's landmark hotel
June 27, 2005

Taj Hotels Resorts and Palaces, one of South Asia's largest and finest hotel groups, today announced its return to the United States by entering into a management contract to operate and manage The Pierre, a luxurious landmark hotel on New York's Fifth Avenue. This new addition to its growing portfolio of international and domestic hotels is part of Taj Hotels' long-term strategy to establish its presence in key gateway cities of the world.

Speaking on the occasion, Raymond Bickson, Managing Director & CEO, The Indian Hotels Company Limited, said, "The Pierre has all the hallmarks of a great hotel: rich heritage, splendid location and grand old-world architecture. We are delighted to mark our return to New York with this iconic hotel and we are committed to ensuring it continues to symbolize uncompromising luxury not only in this market but around the world. Our return to New York is a big step towards establishing a significant presence for the Taj brand across the globe."

Situated on Central Park at Fifth Avenue and 61st Street, The Pierre has been an icon of luxurious hospitality in New York since its launch in 1930. The Pierre, with its neoclassic spire and distinctive copper roof, rises majestically above Fifth Avenue and Central Park. A tranquil refuge in the heart of New York City, this historic hotel combines the inviting comfort of the finest European residences with modern-day amenities and impeccable standards of service. Classical architecture, accented by a whimsical palette, Italian marble, gilded-crown moldings and exquisite hand-woven carpets, reflect the grandeur of The Pierre.

Close to a wide array of New York's fabled attractions, from the renowned shopping of Fifth and Madison Avenues to outstanding museums and cultural centers, the hotel offers 201 guest rooms, including 52 suites, each with a unique interior, along with legendary restaurants, luxurious fitness facilities, a full-service Business Center and versatile meeting and function space. Under the management of the Taj, the current mix of hotel rooms and permanent resident spaces will remain unchanged. Over the next few months, the Taj will upgrade and renovate certain areas of the hotel.

"Speaking for the owners of The Pierre, I herald with great enthusiasm the arrival of Taj Hotels in its new role of manager and guardian of this unique edifice. Taj brings a wealth of experience in luxury service and maintenance and a sincere commitment to both. We anticipate a long productive partnership. Welcome to our home." said Phyllis Mailman, Chairman, 795 5th Avenue Corporation, the cooperative owners of the property.

With a legacy dating back to the launch of its landmark hotel, the Taj Mahal Palace & Tower in 1903, the Taj luxury hotels across the world have become destinations in themselves, offering distinctive service and unrivalled luxury.