Plaza Hotel

Sahara pays $800 mn for NY hotels; Indian investors wait for refund

Running against time to refund a whopping Rs 24,000 crore to its investors, the Subrata Roy-led Sahara Group has paid $800 million (Rs 4,400 crore) to buy two iconic hotels in the New York city--Plaza Hotel and Dream New York.

Sahara buys New York's Plaza Hotel for $570 mn

Subroto Roy-promoted Sahara Group has agreed to buy a controlling stake in New York's landmark Plaza Hotel for $570 million from Elad Properties, an Israeli-owned real estate company.

Sahara's success mantra: Buy undervalued trophy assets abroad?

Subrata Roy-led Sahara India is all set to own a century-old iconic property in the US, a favorite of all socialites and celebrities near Manhattan's Central Park.

Sahara makes $600 mn bid for NY's Plaza Hotel: WSJ

The deal would need the approval of Israeli-owned El Ad US Holding Inc and their partner in the hotel, Kingdom Holding Co, controlled by Saudi Arabia's Prince Alwaleed bin Talal.

Subrata Roy shelled out Rs 31 lakh to use special facilities in jail

Roy was allowed by the Supreme Court to use the jail's conference room to negotiate sale of his hotels in order to collect Rs 10,000 crore for his bail.

Subrata Roy seeks restoration of special facilities in Tihar jail

On October 1, Roy was sent back to his cell in Tihar at the end of the period granted by the Supreme Court for stay at the air-conditioned facility in the complex to negotiate sale of his overseas hotels.

Meet Sultan of Brunei, the man willing to shell out more than $2 bn for Sahara's hotels

The controversial Sultan of Brunei is reportedly eyeing the Sahara Group's assets abroad and is willing to dole out a whopping $2 billion for the three hotels that the Indian group owns in New York and London. <br />

Sahara sells residential project to Ahmedabad-based developers

Sahara Group had floated 'Sahara City' residential scheme at Shela village near Bopal on the city outskirts a few years ago.

SC dismisses Sahara chief's house arrest plea, allows sale of assets

The Sahara chief, who is in Delhi's Tihar jail since 4 March, was earlier directed by the apex court to pay Rs 5,000 crore in cash and furnish a bank guarantee of Rs 5,000 crore as pre-condition for his release.

SC allows Sahara to sell properties to help Subrata get bail

The court, however, reserved its order on a fresh plea of Roy seeking modification of an earlier order by which he was asked to pay Rs.5,000 crore in cash besides a bank guarantee of an equivalent amount.