Subrata Roy Plaza Hotel
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Subrata Roy Wants To Sell Plaza Hotel Stake; Secret Backer Is Qatari Royal
Billionaire Saudi Prince Alwaleed bin Talal has long been associated with New York's iconic Plaza Hotel, ever since he bought out Donald Trump over two decades ago.
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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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Big Setback For Sahara, Asked To Deposit Rs 5,092 Crore by April 7
Sahara has also given a list of properties to the court that it wants to sell for repayment, which was agreed by the court.
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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 York's Plaza Among Top Rated Hotel Residences Globally
The iconic Plaza hotel of New York, owned by crisis-ridden Sahara group, has been named among the top rated hotel residences in the world.
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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 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 Welcomes Court Order on US Hotels
The Supreme Court of the State of New York has rejected a plea by Hong Kong-based JTS Trading Ltd that had sought attachment of Sahara's prized hotels Plaza and Dream Downtown in the US as part of a lawsuit over a deal that went sour.
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Sahara Asks US Court to Reject Attachment Plea for Hotels
Slapped with a $350-million (Rs 2,200 crore) lawsuit seeking attachment of its two prized hotels here, crisis-ridden Sahara has told a US court here that it has been wrongly dragged into a dispute between two entities over "a potential business relationship gone sour".
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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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Sultan of Brunei Bids for Sahara's Hotels in New York, London: Reports
The Sultan of Brunei has made a bid for New York's Plaza Hotel, Dream Hotel and London's Grosvenor House hotel, the Wall Street Journal's website edition reported on Saturday, citing people familiar with the situation.
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Jailed Sahara Chief Seeks More Time to Seal Hotel Deals
Mr Roy, chairman of the Sahara conglomerate, was initially given 10 days by the Supreme Court to talk to potential bidders for three hotels, including Grosvenor House in London and the New York Plaza, to raise Rs 10,000 crore for bail.
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Supreme Court to consider proposal of Subrata Roy's Sahara to refund investors
The Supreme Court has asked market regulator SEBI to examine Sahara's proposal of refunding crores of rupees to small investors, and give its views by 11.30 am.
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Subrata Roy's Sahara buys Plaza Hotel in New York for $575 million
Sahara India is understood to have acquired 75 per cent stake in the Plaza Hotel in New York. Media reports said Subrata Roy-promoted Sahara paid $575 million for the 75 per cent take and the remaining 25 per cent is held by Kingdom Holding Co, a firm controlled by Saudi prince Alwaleed bin Talal.
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Subrata Roy Wants To Sell Plaza Hotel Stake; Secret Backer Is Qatari Royal
Billionaire Saudi Prince Alwaleed bin Talal has long been associated with New York's iconic Plaza Hotel, ever since he bought out Donald Trump over two decades ago.
-
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.
-
Big Setback For Sahara, Asked To Deposit Rs 5,092 Crore by April 7
Sahara has also given a list of properties to the court that it wants to sell for repayment, which was agreed by the court.
-
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 York's Plaza Among Top Rated Hotel Residences Globally
The iconic Plaza hotel of New York, owned by crisis-ridden Sahara group, has been named among the top rated hotel residences in the world.
-
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 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 Welcomes Court Order on US Hotels
The Supreme Court of the State of New York has rejected a plea by Hong Kong-based JTS Trading Ltd that had sought attachment of Sahara's prized hotels Plaza and Dream Downtown in the US as part of a lawsuit over a deal that went sour.
-
Sahara Asks US Court to Reject Attachment Plea for Hotels
Slapped with a $350-million (Rs 2,200 crore) lawsuit seeking attachment of its two prized hotels here, crisis-ridden Sahara has told a US court here that it has been wrongly dragged into a dispute between two entities over "a potential business relationship gone sour".
-
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.
-
Sultan of Brunei Bids for Sahara's Hotels in New York, London: Reports
The Sultan of Brunei has made a bid for New York's Plaza Hotel, Dream Hotel and London's Grosvenor House hotel, the Wall Street Journal's website edition reported on Saturday, citing people familiar with the situation.
-
Jailed Sahara Chief Seeks More Time to Seal Hotel Deals
Mr Roy, chairman of the Sahara conglomerate, was initially given 10 days by the Supreme Court to talk to potential bidders for three hotels, including Grosvenor House in London and the New York Plaza, to raise Rs 10,000 crore for bail.
-
Supreme Court to consider proposal of Subrata Roy's Sahara to refund investors
The Supreme Court has asked market regulator SEBI to examine Sahara's proposal of refunding crores of rupees to small investors, and give its views by 11.30 am.
-
Subrata Roy's Sahara buys Plaza Hotel in New York for $575 million
Sahara India is understood to have acquired 75 per cent stake in the Plaza Hotel in New York. Media reports said Subrata Roy-promoted Sahara paid $575 million for the 75 per cent take and the remaining 25 per cent is held by Kingdom Holding Co, a firm controlled by Saudi prince Alwaleed bin Talal.
