International firm comes to Sahara's rescue

Oneindia
Oneindia
  • 7 years ago
In a major deal for Saharas, billionaire brothers David and Simon Reuben have acquired control of the crisis-hit Indian group's iconic Grosvenor House hotel here and the two US properties Plaza and Dream Downtown in a $850 million debt refinance deal. The Grosvenor House hotel was put on sale by its lender Bank of China earlier this year after a technical default.

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