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Taj Hotels pulls out of Morocco's Taj Palace Marrakesh

To manage the 161-room Taj Palace Marrakesh in Morocco, the Tata Group-controlled Taj Hotels has called it quits. It is the second international hotel that the Taj has pulled out of in recent months.




In July, it had sold the 100-room Blue Sydney hotel in Australia to Hong Kong's Ovolo Group for A$32 million. Without specifying any reason, Taj said in a statement that the chain would cease to manage the Taj Palace Marrakesh with effect from Wednesday.

Read more at: http://economictimes.indiatimes.com/articleshow/42250303.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst