India's Tata Offers $1.86 Billion for Orient-Express Hotels | wsj.com

Tata Group offered to pay $1.86 billion for Orient-Express Hotels Ltd., seeking to expand an international luxury-hotel chain that already includes The Pierre in New York. Orient-Express, which gets its name from the legendary London-Venice luxury railroad, owns New York's 21 Club restaurant and the Hotel Cipriani in Venice. Tata's Indian Hotels Co. said Thursday that it had proposed paying $12.