Mysuru, Feb. 7 -- * IHCL signs deal with DM South India Hospitality

* No takeover of Lalitha Mahal Palace Hotel

It's official - the Taj Group will not take over the iconic Lalitha Mahal Palace Hotel, which remains under the control of Jungle Lodges and Resorts (JLR), a Karnataka State Government-run Wildlife and Eco-Tourism Company.

Instead, IHCL (Indian Hotels Company Ltd.), which owns the Taj brand, has signed an agreement with DM South India Hospitality to operate a luxury hotel in Mysuru. The deal involves the building that currently houses the Radisson Blu Plaza Hotel on M.G. Road.

The IHCL, India's largest hospitality group with over 335 hotels in 150+ locations across four continents and 12 countries, has officially announced t...