Indian Hotels May Raise Offer for Orient-Express | wsj.com

Tata Group's Indian Hotels and a fund controlled by Italy's Montezemolo & Partners SpA may increase their $1.86 billion buyout offer for U.S.-listed Orient-Express Hotels Ltd., a senior executive with knowledge of the discussions said Thursday. The higher bid would be an attempt to entice major shareholders of the Bermuda-based luxury property operator, the executive said.