Taj Hotels buys S.F.’s Campton Place 

Taj Hotels Resorts and Palaces has purchased San Francisco’s Campton Place hotel from the Kor Hotel Group for $58 million, Taj said in a release.

The potential acquisition will expand Taj’s U.S. presence to three luxury hotels. The others are The Pierre hotel near New York City’s Central Park, which it has an agreement to operate; and the Taj Boston, a 1927 Boston hotel overlooking the Public Garden at Arlington and Newbury streets, which it bought in January 2007, the firm said.

The firm is part of India’s Tata Group, and owns 59 hotels in India and 17 others in Australia, the Maldives, Mauritius, Malaysia, the United Kingdom, Africa and the Middle East.

"We’re thrilled to add this exceptional San Francisco hotel to our growing collection of luxury properties in the U.S., continuing our worldwide expansion of the Taj brand," Taj CEO Raymond Bickson said. He said Taj will assume ownership on April 30.

Campton Place is located on Stockton Street, near Union Square. It has 101 rooms, nine suites, a restaurant, bar and fitness center.

The acquisition, when completed, will not result in any job losses or large-scale personnel changes, and Taj will honor all previous bookings for hotel rooms, restaurants and banquets, the company said.

The company said it plans to acquire luxury hotels in other cities worldwide.

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A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
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