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DREAM DOWNTOWN
40,000 people under evacuation orders for a chemical tank leak in Southern CaliforniaAuthorities are racing to prevent the explosion of a leaking storage tank containing hazardous chemicals in Garden Grove, California, promp...- Maximum Mumbai: India's financial capital is seeing its biggest infrastructure push yet. But, is it enough?Mumbai has been undergoing an unprecedented infrastructure push in the 2020s, with over $60 billion being invested in metro networks, expre...
- Sahara informs court that 2 New York hotels have been soldThe group has been raising funds by selling assets in India and abroad for depositing money in a special investor refund account set up on ...
- 3 Associates prune bid for Sahara HotelsSahara has been trying to sell the hotels to raise funds and deposit Rs 10,000 crore to secure the release of its chief Roy, who was sent t...
- Boxing and business: When Vijender Singh met Subrata RoyNot seen much in the public eye since his bail in May, Roy’s hairdo coincidentally mirrors Singh’s spiky cut.
- Sahara group says the $1.3 billion offer is baseless and 'devious'Jesdev Saggar, managing director of 3 Associates said, we have followed a process as advised by Knight Frank and our lawyers and submitted ...
- Sahara gets $1.3-billion bid for hotel assetsThe three families have made an unconditional bid for the marquee assets, valid for 30 days, said Jesdev Saggar, managing director of 3 Ass...
- Sahara Group inks Rs 10,000 crore deal with 'Qatar fund' for sale of hotelsAppearing for the group, Kapil Sibal promised Rs 300 crore more by August 3 and said group wanted to transfer to SC-created Sebi-Sahara acc...
- Sahara seeks indefinite bail for Subrata Roy, deposits Rs 200 crore in SCThe Sahara Group deposited Rs 200 crore as per SC orders and requested it to indefinitely extend the bail granted to Subrata Roy and direct...
- Sahara's Plaza, Dream Downtown hotels in US up for sale?The group has been trying hard to raise funds including through refinancing of loans on these two hotels as also on the historic Grosvenor ...
- US court rejects plea for attachment of Sahara's Plaza and Dream Downtown hotelsIn a relief to Sahara, a US court has rejected a plea seeking to attach the Indian group's prized Plaza and Dream Downtown hotels here.
- Company drops Lalit Modi's name in Sahara dealThe court asked for proof of communication by which Kumar's client was advised to forward the offer letter to Lalit Modi.
- Supreme Court asks Sahara reveal details of its deal with Ruben BrothersThe three hotels – London’s Grosvenor House Hotel, New York’s Dream Downtown and The Plaza --- are currently under the charge of Ruben Brot...
- US court issues show-cause notice to Sahara in $350 million lawsuitA US court has issued show-cause notice to the group seeking attachment of its two prized hotel assets - Plaza and Dream Downtown.
- Madison bids $800 million for Sahara’s The Plaza and Dream Downtown propertiesSahara was made initial offers of £1.2 -1.4 billion by these parties. One of the bidders was willing to pay £850 million for the Grosvenor.
- Sahara works on plan B; talks for London, New York hotels on but Subrata Roy unwilling to sellAt current valuations—which is 30% higher than when the hotels were acquired—Sahara will not only be able to pay off loans from Bank of Chi...
- Sahara hotels in London, New York attract Gulf billionairesSahara’s luxury hotels in London and New York are drawing interest from Gulf billionaires, with initial offers of £1.2 to 1.4 bn made by th...
- Sahara gets unsolicited offers for prized hotel assetsWhen contacted, a senior Sahara official in India also confirmed that some "unsolicited" offers have been received for overseas hotel prope...
- Sahara to sell iconic hotels in London and New York; Arab group offers over Rs 10,000 crIf the deal goes through, Sahara stands to get Rs 4,000 crore, or almost 3 times what it invested in the hotels, after repaying its debt to...
- Sahara buys 2 iconic NY hotels - New York Plaza, Dream New YorkThe Sahara Group, which had acquired Grosvenor House in London in 2010, is said to be now looking at picking up some other landmark propert...
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