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Sydney hotel takeover

The Indian Hotels Company Limited (IHCL), which operates 73 hotels in India and abroad, has announced the purchase of a 100-room, five-year old hotel, located in close proximity to the central business district of Woolloomooloo Bay, Sydney for Australian $36 million. The hotel is currently operated by the Starwood Group and is amongst the top five hotels in Sydney. The management and re-branding of the hotel will begin in February 2006. This follows the earlier takeover of the legendary Pierre Hotel in New York.

Paul Johnson

Paul Johnson is Editor of A Luxury Travel Blog and has worked in the travel industry for more than 30 years. He is Winner of the Innovations in Travel ‘Best Travel Influencer’ Award from WIRED magazine. In addition to other awards, the blog has also been voted “one of the world’s best travel blogs” and “best for luxury” by The Daily Telegraph.

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