Extremely Expensive
Family offices plan $1.3bn bid for Grosvenor, other hotels
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…
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Click here to read the full story: Financial Times