The group's chairperson and managing director Jyotsna Suri said the group which currently has 90 percent stake would soon buy out the remaining 10 percent from the state government.
With renovation work still on, Suri said the 244-key hotel would be ready for the public in a short time.
One of the oldest luxury hotels in the country, the hotel was set up by British confectioner David Wilson and was christened the Auckland Hotel after George Eden, the first Earl of Auckland, and the then governor general of India.
From Mahatma Gandhi to Mark Twain, from the British royalty to Soviet Communist leader Nikita Khrushchev, the iconic hotel has hosted dignitaries from different eras from across the globe.
On the verge of closure, the Bengal government took over the property in 1970 but after the failure to revive its fortune, the erstwhile Left Front government sold 90 percent of the stake to the Lalit Suri Hospitality Group in 2005.
--IANS (Posted on 19-11-2013)