Poonawala

Sultan of Brunei could buy Sahara's hotels in New York, London for whopping $2 bn

The Sultan of Brunei Hassanal Bolkiah 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.<br />

Now, Madison Capital wants to lap up Sahara's New York properties for $800 mn

While Pune-based cash-rich pharma billionaire Cyrus Poonawalla has upped the ante on his offer to buy out beleaguered Sahara Group's coveted overseas asset, the Grosvenor House Hotel in London, New York-headquartered Madison Capital is looking to snap up Sahara's New York properties- The Plaza and Dream Downtown properties - for $800 million.<br />

Poonawala throws in hat for Sahara's Grosvenor House, but says no to bidding war

Pune-based billionaire father-son duo of Cyrus and Adar Poonawalla and the Sultan Hassanal Bolkiah of Brunei are locked in the race to buy the Grosvenor House Hotel in London.