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Wednesday, 27 July 2016

Saudis in $1.3bn bid for Grosvenor House and Plaza hotels - FT.com

Saudis in $1.3bn bid for Grosvenor House and Plaza hotels - FT.com:

"A consortium of Saudi and UK family wealth funds has launched a $1.3bn bid for London’s Grosvenor House Hotel plus majority stakes in New York’s Plaza and Dream Downtown hotels from India’s Sahara India Pariwar group.
The offer may spark a bidding war after Sahara revealed it was in talks with Qatari investors over a potential deal."



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