Taj Hotels to Purchase Ritz-Carlton, Boston

Indian hotelier Taj Hotels Resorts and Palaces has signed a definitive purchase agreement to acquire the Ritz-Carlton, Boston, which it will rename the Taj Boston. Taj is buying the property for $170 million from its current owner Millennium Partners, the company announced Thursday. New York-based Galileo Global Advisors is advising Taj Hotels on the transaction, the second time the company has advised the hotelier on an acquisition.

Read more on:

Suggested Articles:

From Thailand to Nepal, tourists across Asia are finding their vacations turning to nightmares as airlines cancel flights and countries close borders.

Hollland America says 14 percent of Zaandam's crew and 4 percent of its guests have flu-like symptoms. It's now moving healthy guests to Rotterdam.

The CARES Act, passed by the Senate, would pour $2 trillion into the U.S. Economy. Read more.