Sahara Hotel Sale
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Qatar To Buy Sahara's New York Plaza Hotel For $600 Million: Source
The tiny but ultra-rich Gulf state of Qatar has agreed to buy one of New York's most iconic buildings, the Plaza Hotel, for around $600 million, adding a development that was once owned by U.S. President Donald Trump to its luxury property portfolio
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Sahara In Talks With Mid-Eastern Enterprise Over Sale Of New York Hotels
Earlier this month, Supreme Court ordered the liquidator to start the auction process for Sahara group's Aamby Valley resort town.
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Sahara Hires Broker To Sell Iconic Plaza Hotel In New York
The sales process comes after Ashkenazy Acquisition Corp. acquired a stake in the hotel, giving it certain rights to buy the property, according to a person with knowledge of the situation.
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Sahara Group Hires JLL For Plaza Hotel Sale: Report
The Wall Street Journal reported that Sahara has hired JLL Hotels and Hospitality Group, a unit of real-estate firm JLL, to find a buyer for the Plaza hotel, once owned by Donald Trump much before he became the US President.
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Sahara Rejects $1.3 Billion Offer, Calls It Attempt To Lower Price
Sahara group rejected a new $1.3 billion offer from a group of investors for its three prized overseas hotels, terming it a "devious attempt" to lower the price and disturb the sentiment of other bidders making "much higher" offers.
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Sahara Says in Talks to Sell Grosvenor House to Qatar
Embattled Sahara Group on Tuesday came up with a fresh proposal before the Supreme Court for the sale of its assets, including three overseas hotels - Grosvenor House Hotel in London, the New York Plaza and Dream New York - to raise the amount for the release of its jailed chief Subrata Roy.
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Sahara Seals Rs 5,500 Crore Debt Deal for Foreign Hotels: Report
The Grosvenor House hotel was put on sale by its lender Bank of China earlier this year after a 'technical default'.
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Sahara Denies Report of it Bidding for Grosvenor House
Sahara bought the Grosvenor in 2010 but the hotel was placed in administration and put up for sale in March after Bank of China's loan on the 494-room property, operated by Marriott International, was declared in default.
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Mulling Loan Refinancing to Regain Hotel Control: Sahara
Facing a possible sale of its Grosvenor House hotel in London by lenders, Sahara on Tuesday said it is working on a refinancing transaction to repay the loans to Bank of China and regain control of the iconic property.
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Sahara Chief Shells Out Rs 31 Lakh for Tihar Jail Special Facilities: Report
Sahara group has paid Rs 31 lakh to Tihar Jail authorities as charges for the stay of its chief Subrata Roy in an air-conditioned facility and using services like phone, internet and video conferencing for 57 days to negotiate sale of his luxury hotels abroad.
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Sahara Chief Subrata Roy Given 15 More Days to Sell Hotels From Prison
Subrata Roy, the jailed chief of Sahara conglomerate, has won 15 days more from the Supreme Court to use his makeshift office in prison to negotiate the sale of his group's trophy overseas hotels and raise $1.7 billion (Rs 10,000 crore) in bail money.
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Sahara Chief Gets 15 More Days to Negotiate Deals from Hi-Tech Office in Jail
Sahara chief's lawyer had earlier requested the court to extend Mr Roy's stay as negotiations for sale of overseas hotels are at a crucial stage and the deal is likely to get fetch around Rs 1,800 crore.
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Sahara Chief Roy to Raise Bail Money From Conference Room in Jail
Jailed Sahara chief Subrata Roy will move to a conference room in Tihar prison on Tuesday where he will have facilities like video conferencing, internet and phone so that he can negotiate with potential bidders for sale of his hotels abroad to raise Rs 10,000 crore for his bail.
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Jailed Subrata Roy Gets Office to Negotiate Hotel Sales
Roy, head of the Sahara conglomerate, was jailed on March 4 for failing to appear in court in a legal battle with India's capital market's watchdog. He needs to raise Rs 10,000 crore to have a chance of release.
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For 10 Days, Jailed Sahara Chief Subrata Roy Can Stay in Conference Room
The Supreme Court has allowed Subrata Roy, the chief of the Sahara group of companies, to stay in and use the conference room at Delhi's Tihar Jail for 10 days while he negotiates the sale of his properties, including three hotels overseas.
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Qatar To Buy Sahara's New York Plaza Hotel For $600 Million: Source
The tiny but ultra-rich Gulf state of Qatar has agreed to buy one of New York's most iconic buildings, the Plaza Hotel, for around $600 million, adding a development that was once owned by U.S. President Donald Trump to its luxury property portfolio
-
Sahara In Talks With Mid-Eastern Enterprise Over Sale Of New York Hotels
Earlier this month, Supreme Court ordered the liquidator to start the auction process for Sahara group's Aamby Valley resort town.
-
Sahara Hires Broker To Sell Iconic Plaza Hotel In New York
The sales process comes after Ashkenazy Acquisition Corp. acquired a stake in the hotel, giving it certain rights to buy the property, according to a person with knowledge of the situation.
-
Sahara Group Hires JLL For Plaza Hotel Sale: Report
The Wall Street Journal reported that Sahara has hired JLL Hotels and Hospitality Group, a unit of real-estate firm JLL, to find a buyer for the Plaza hotel, once owned by Donald Trump much before he became the US President.
-
Sahara Rejects $1.3 Billion Offer, Calls It Attempt To Lower Price
Sahara group rejected a new $1.3 billion offer from a group of investors for its three prized overseas hotels, terming it a "devious attempt" to lower the price and disturb the sentiment of other bidders making "much higher" offers.
-
Sahara Says in Talks to Sell Grosvenor House to Qatar
Embattled Sahara Group on Tuesday came up with a fresh proposal before the Supreme Court for the sale of its assets, including three overseas hotels - Grosvenor House Hotel in London, the New York Plaza and Dream New York - to raise the amount for the release of its jailed chief Subrata Roy.
-
Sahara Seals Rs 5,500 Crore Debt Deal for Foreign Hotels: Report
The Grosvenor House hotel was put on sale by its lender Bank of China earlier this year after a 'technical default'.
-
Sahara Denies Report of it Bidding for Grosvenor House
Sahara bought the Grosvenor in 2010 but the hotel was placed in administration and put up for sale in March after Bank of China's loan on the 494-room property, operated by Marriott International, was declared in default.
-
Mulling Loan Refinancing to Regain Hotel Control: Sahara
Facing a possible sale of its Grosvenor House hotel in London by lenders, Sahara on Tuesday said it is working on a refinancing transaction to repay the loans to Bank of China and regain control of the iconic property.
-
Sahara Chief Shells Out Rs 31 Lakh for Tihar Jail Special Facilities: Report
Sahara group has paid Rs 31 lakh to Tihar Jail authorities as charges for the stay of its chief Subrata Roy in an air-conditioned facility and using services like phone, internet and video conferencing for 57 days to negotiate sale of his luxury hotels abroad.
-
Sahara Chief Subrata Roy Given 15 More Days to Sell Hotels From Prison
Subrata Roy, the jailed chief of Sahara conglomerate, has won 15 days more from the Supreme Court to use his makeshift office in prison to negotiate the sale of his group's trophy overseas hotels and raise $1.7 billion (Rs 10,000 crore) in bail money.
-
Sahara Chief Gets 15 More Days to Negotiate Deals from Hi-Tech Office in Jail
Sahara chief's lawyer had earlier requested the court to extend Mr Roy's stay as negotiations for sale of overseas hotels are at a crucial stage and the deal is likely to get fetch around Rs 1,800 crore.
-
Sahara Chief Roy to Raise Bail Money From Conference Room in Jail
Jailed Sahara chief Subrata Roy will move to a conference room in Tihar prison on Tuesday where he will have facilities like video conferencing, internet and phone so that he can negotiate with potential bidders for sale of his hotels abroad to raise Rs 10,000 crore for his bail.
-
Jailed Subrata Roy Gets Office to Negotiate Hotel Sales
Roy, head of the Sahara conglomerate, was jailed on March 4 for failing to appear in court in a legal battle with India's capital market's watchdog. He needs to raise Rs 10,000 crore to have a chance of release.
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For 10 Days, Jailed Sahara Chief Subrata Roy Can Stay in Conference Room
The Supreme Court has allowed Subrata Roy, the chief of the Sahara group of companies, to stay in and use the conference room at Delhi's Tihar Jail for 10 days while he negotiates the sale of his properties, including three hotels overseas.
