Indian Hotels buys 10% in Orient-ExpressBS Reporter / Mumbai September 18, 2007Indian Hotels Company (IHCL), the owner of the Taj chain of hotels, has acquired a 10 per cent stake in the NYSE-listed Orient-Express Hotels for nearly Rs 850 crore through open market operations.This acquisition may be a precursor to an association with Orient-Express, which owns or part-owns and manages 35 hotels in 25 countries. The Tata group company has also written a letter to James B Hurlock, chairman of the Orient-Express board, seeking an appointment to discuss a possible alliance with the company.IHCL Vice-Chairman R K Krishna Kumar said:
