Taj Boston hotel up for sale for $125M

Indian Hotels Co. Ltd. has plans to sell the Taj Boston hotel for at least $125 million, the company announced in a May 18 filing to the Bombay Stock Exchange Ltd. and the National Stock Exchange of India Ltd. The Indian Hotels Co. board voted to approve United Overseas Holding Inc., a wholly owned U.S.-based subsidiary, to “pursue the option of divestment of the Taj Boston hotel by way of sale/disposal.” Indian Hotels acquired the former Ritz-Carlton Boston Hotel in 2006 for $170 million before…