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On Tuesday, Taj Hotels Resorts and Palaces, part of the Tata group said that it has exited the management of Taj Palace Hotel, Dubai after operating for 14 years.
“By virtue of a mutual agreement reached between the erstwhile partners, Taj Palace Hotel, Dubai, which has been successfully run by Taj Hotels Resorts and Palaces since 2001, will be handed back to the Juma Al Majid Group, on 31st August 2015,” it said in a statement.
It further added that “Taj Hotels Resorts and Palaces has enjoyed an outstanding relationship and mutually rewarding partnership with the Juma Al Majid Group and expresses its gratitude for the unequivocal trust and unstinting co-operation extended by them during the tenure of operations”.
