Taj wins bid for 33-yr lease of premium Lutyens' Delhi hotel
The Indian Hotel Company, which runs the Taj hotel chain, has won the bid for a 33-year lease of The Connaught Hotel in Lutyens' Delhi. The 85-room hotel was closed in 2013 after the previous operator ran it for 18 years without a licence. Taj will pay 31.8% of the gross turnover or â¹5.8 crore per annum, whichever is higher.