Articles tagged “sahara”

Indian Hotel Giant May Sell Landmark Properties to Make Bail for CEO

Indian Hotel Giant May Sell Landmark Properties to Make Bail for CEO

Devjyot Ghoshal, Quartz

We're not saying the man should rot in jail, but how smart is it for a company to sell prize assets to help just one executive?

5 years ago

India’s Sahara Group being investigated on its high profile hotel buys in UK & US

For now, this investigation is for Sahara's UK deal, but likely will extend to its acquisition of New York's iconic Plaza Hotel as well. That will surely put a dampener on any new Sahara hotel deals going ahead.

6 years ago

Hotel industry’s envy Sahara Group in $5 billion trouble at home in India

Hotel industry’s envy Sahara Group in $5 billion trouble at home in India

Veena Venugopal, Quartz

Sahara has been controversial from the beginning, and investors everywhere need to ask the hard questions before getting into business with it.

6 years ago

India’s Sahara Group plunks down $800 million for two New York hotels

India’s Sahara Group plunks down $800 million for two New York hotels

The mysterious and controversy-beset Sahara Group is the new powerhouse in town, though foreign sellers should be reading Indian media more closely before going too far down the line.

6 years ago

NYC Plaza Hotel sells for $570 million to India’s Sahara Group

Steven Scheer and Tova Cohen, Reuters

Sahara will be the sixth owner of the historic hotel, which has passed through both US and foreign hand since 1943. Guests won’t notice any changes in service as Fairmont Hotels continues its 13-year management.

7 years ago

India’s Sahara Group: the new biggie in global hospitality

Beyond buying these flashy, trophy property, remains to be seen if Sahara doesn't flame out, which it does have a tendency to in various sectors it operates in.

7 years ago