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SAHARA HOTELS
Bankruptcy court allows withdrawal of insolvency plea against Sahara HospitalityMumbai-based Sahara Hospitality, the owner of Hotel Sahara Star and part of Subrata Roy’s Sahara India Pariwar, was admitted under the corp...- 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...
- 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 ...
- Sahara comes up with fresh proposal to secure Subrata Roy's releaseGroup said negotiations were underway to sell three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York...
- Sahara group welcomes court order on US hotelsSahara claimed JTS had no rights to attach the interests of Sahara's subsidiary non-party entities, which were accepted by the court.
- 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...
- In Sahara case, Warren Buffett & Bernie Madoff are examplesIn the lawsuit filed against Trinity, Sahara and UBS, JTS has alleged that Trinity cut it off from the deal for direct negotiations with Sa...
- Sahara asks US court to reject attachment plea for hotelsCrisis-ridden Sahara told a US court that it has been wrongly dragged into a dispute between two entities over "a potential business relati...
- Sahara group not bidding for it's Grosvenor House hotel put on sale for loan 'default'With its prized property, Grosvenor House, put on sale for a loan 'default', Sahara group today said it is not participating in any re-auct...
- Sahara Group via subsidiary Amby Valley Mauritius rebids for London’s iconic Grosvenor House hotelSahara Group has yet again bid for London’s iconic Grosvenor House hotel, which it had bought in 2010 and lost control of earlier this year...
- Mirach Capital says three Sahara hotels can fetch maximum $1.67 billionMarket experts, however, peg their current valuation at upwards of $ 2.2 billion, after taking into account the appreciation in their value...
- Investment vehicle eyes flagship Sahara hotels in $2 billion bailout for founder Subrata RoySaransh Sharma, California-based investor leading the rescue plan, said he doesn't think Sahara will be able to pay off the more than $1.5 ...
- 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 Hotel fight: Poonawalla competes with Qatari group and Sultan of BruneiThe Grosvenor House, a 494-room luxury hotel that was built in 1929, was the first of Sahara’s international acquisitions.
- 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...
- Post Rs 3,200 crore 'The Plaza' deal, Subrata Roy led Sahara Group keen to buy more New York hotelsThe Sahara Group, which bought London's Grosvenor House in 2010, will pay $575 million, or Rs 3,200 crore, to buy New York's The Plaza.
- Sahara to set up Radisson Hotel in LucknowSahara group promoted Sahara India Club Royale Corporation Ltd today said it has entered into an agreement with Carlson Hotels Worldwide fo...
- Centaur goes 7-star after revampAirport Centaur Hotel, once considered a landmark in central Mumbai, is being relaunched by the $1.5-billion Sahara group as a seven star h...
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