Taj group may exit NY's iconic Pierre Hotel in $2-bn deal: Report
New York's iconic Pierre Hotel, managed by Taj group, may see a change in ownership, reported NYT. Sultan of Brunei, along with Saudi businessman Essam Khashoggi, expressed interest in buying the property for $2 billion, it added. Taj, which is managing the property since 2005, undertook a $100-million renovation after becoming its operator but has lost millions running the building.