DELHI: Indian Hotels Company has assured the staff of the Taj Mahal Hotel that their employment is not at risk after the Supreme Court allowed the New Delhi Municipal Council to auction the property located in the heart of the capital.
The Tata Group company conveyed to the staff at a town hall meeting that it will bid to run the hotel and that there will always be opportunities for them in the group, according to people familiar with the development.
Indian Hotels, branded as Taj Hotels Resorts and Palaces, has 100 hotels in 62 locations in India and 15 hotels in the Maldives, Malaysia, the UK, the US, Bhutan, Sri Lanka, Africa and the Middle East, according to its website.
“The Taj Mahal Hotel held a town hall on April 22. General manager Satyajeet Krishnan, who addressed the meeting, told everyone not to panic as the Taj will try their level best to retain the hotel in the auction. He assured everyone that they are all a part of the Taj group,” said an employee who did not wish to be identified.
“But I think people have mixed feelings because other industrialists are seriously planning to bid for the property.”
Indian Hotels did not immediately respond to queries from ET seeking comment on the matter.
The company has operated the hotel, popularly known as Taj Mansingh, for about four decades and will have to vacate the property in six months if it is outbid in the auction. Indian Hotels will participate in the auction, allowed by the Supreme Court last week, whenever it is held.