Grosvenor House Hotel
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Sahara Says 'Devious Attempt' To Lower Price Of Its Hotels
UK-based family office 3 Associates, whose $1.3 billion offer for Sahara's three prized overseas hotels was rejected by the group last month, has reportedly reduced the offer amount.
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New Suitor Offers $1.3 Billion For Sahara's Overseas Hotels
Scurrying for funds, embattled Sahara group has got a USD 1.3 billion offer from a new suitor for its three prized overseas hotels including the Grosvenor House and Park Plaza.
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New Suitor Offers $1.3 Billion For Sahara's Overseas Hotels
Scurrying for funds, embattled Sahara group has got a $1.3 billion offer from a new suitor for its three prized overseas hotels including the Grosvenor House and Park Plaza.
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Sahara Averts Foreclosure Auction of US Hotel Properties
Sahara Group has been making efforts to raise funds including through refinancing of loans on these two hotels as also on the historic Grosvenor House property in London, to ensure release of its chief Subrata Roy from jail. He has been lodged in New Delhi's Tihar Jail for over two years.
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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's Plaza Top Ranked Hotel for Super Rich: Survey
The iconic Plaza Hotel of New York, owned by crisis-ridden Sahara group, has been rated as the top most hotel by the super rich of the world, according to a new survey.
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US Court Issues Show-Cause Notice to Sahara in $350 Million Lawsuit
The lawsuit has been filed by Hong Kong-based JTS Trading Ltd, which had proposed to partner UAE-based Trinity White City Ventures and arrange loans from Swiss banking giant UBS to acquire the crisis-ridden Indian group's three overseas hotels -- Grosvenor House in London and the two in New York.
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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 Says Taking Legal Action Against Mirach After Deal Collapse
Last week, Sahara described as forged a Bank of America letter intended to show Mirach had enough funds to arrange a $2 billion deal, which involved refinancing its overseas hotels, including Plaza and Grosvenor House in London.
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Sahara Allowed to Raise Loan for Chief's Bail
The Supreme Court has cleared the way for embattled conglomerate Sahara to raise $1.05 billion in fresh loans backed by its overseas hotels, helping the group to fund the bail it needs to release its jailed boss.
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Sebi Piles Pressure on Sahara to Sell Overseas Hotels
The Securities and Exchange Board of India (Sebi) has accused Sahara of deliberately failing to sell its marquee overseas hotels in New York and London, seen as crucial to it complying with an order to repay investors and secure the release of jailed head Subrata Roy.
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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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Sultan of Brunei Denies Report of Bid for New York, London Hotels
A spokesman for the Sultan of Brunei dismissed a report by the Wall Street Journal online that he had made a bid for New York's Plaza Hotel, Dream Hotel and London's Grosvenor House hotel.
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Sahara Says 'Devious Attempt' To Lower Price Of Its Hotels
UK-based family office 3 Associates, whose $1.3 billion offer for Sahara's three prized overseas hotels was rejected by the group last month, has reportedly reduced the offer amount.
-
New Suitor Offers $1.3 Billion For Sahara's Overseas Hotels
Scurrying for funds, embattled Sahara group has got a USD 1.3 billion offer from a new suitor for its three prized overseas hotels including the Grosvenor House and Park Plaza.
-
New Suitor Offers $1.3 Billion For Sahara's Overseas Hotels
Scurrying for funds, embattled Sahara group has got a $1.3 billion offer from a new suitor for its three prized overseas hotels including the Grosvenor House and Park Plaza.
-
Sahara Averts Foreclosure Auction of US Hotel Properties
Sahara Group has been making efforts to raise funds including through refinancing of loans on these two hotels as also on the historic Grosvenor House property in London, to ensure release of its chief Subrata Roy from jail. He has been lodged in New Delhi's Tihar Jail for over two years.
-
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's Plaza Top Ranked Hotel for Super Rich: Survey
The iconic Plaza Hotel of New York, owned by crisis-ridden Sahara group, has been rated as the top most hotel by the super rich of the world, according to a new survey.
-
US Court Issues Show-Cause Notice to Sahara in $350 Million Lawsuit
The lawsuit has been filed by Hong Kong-based JTS Trading Ltd, which had proposed to partner UAE-based Trinity White City Ventures and arrange loans from Swiss banking giant UBS to acquire the crisis-ridden Indian group's three overseas hotels -- Grosvenor House in London and the two in New York.
-
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 Says Taking Legal Action Against Mirach After Deal Collapse
Last week, Sahara described as forged a Bank of America letter intended to show Mirach had enough funds to arrange a $2 billion deal, which involved refinancing its overseas hotels, including Plaza and Grosvenor House in London.
-
Sahara Allowed to Raise Loan for Chief's Bail
The Supreme Court has cleared the way for embattled conglomerate Sahara to raise $1.05 billion in fresh loans backed by its overseas hotels, helping the group to fund the bail it needs to release its jailed boss.
-
Sebi Piles Pressure on Sahara to Sell Overseas Hotels
The Securities and Exchange Board of India (Sebi) has accused Sahara of deliberately failing to sell its marquee overseas hotels in New York and London, seen as crucial to it complying with an order to repay investors and secure the release of jailed head Subrata Roy.
-
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.
-
Sultan of Brunei Denies Report of Bid for New York, London Hotels
A spokesman for the Sultan of Brunei dismissed a report by the Wall Street Journal online that he had made a bid for New York's Plaza Hotel, Dream Hotel and London's Grosvenor House hotel.
