The Plaza

Sahara's Subrata Roy an acquirer of assets, not seller, says Mirach's Saransh

The Mirach Capital Group chief did not agree that his firm had to do anything with the deal not working out smoothly.

It's official: Mirach calls off Sahara loan deal but willing to buy out the 3 hotels for $2 bn

Engaged in a war of words with Sahara over a failed syndicate loan deal, US-based Mirach today said it has returned the entire due diligence fees of $2.625 million to the Indian group but is willing to make a $2.05 billion offer for full buyout of their three iconic hotels.

Mirach says Sahara's 3 hotels can fetch a maximum of $1.67 bn

As the blame-game continues over their floundered deal, US-based Mirach Capital has claimed that Sahara's three overseas hotels can fetch a maximum valuation of $1.67 billion (Rs 10,400 crore).

Sebi makes last-ditch effort to locate Sahara investors eligible for refunds

In a last-ditch effort to locate Sahara investors eligible for refunds, regulator Sebi has asked all such persons to submit their claims by next month, while the group claims to have returned the outstanding dues to almost all the concerned bondholders directly.<br />

Sahara's Plaza property world's 2nd most popular hotel for uber-rich: Survey

The Plaza, which is jointly owned by Sahara Group and Kingdom Holdings, a Saudi Arabia-based corporation, had 3,700 multi-millionaires in the 12 months to June 2014

Sahara would rather mortgage trophy hotels abroad than sell them

Sahara conglomerate would rather mortgage its trophy overseas hotel properties than sell them to raise the $1.7 billion in bail money for its jailed chairman, a senior company executive told Reuters.<br />

Not buying Sahara's New York, London hotels, says Sultan of Brunei

Reports of the Sultan's alleged $2 billion bid for the Sahara group-owned hotels first surfaced on the website of the Wall Street Journal.

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 />