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New suitor offers $1.3 billion for Sahara's overseas hotels

Sahara group has got a $1.3 billion offer from a new suitor for its three prized overseas hotels including the Grosvenor House and Park Plaza.

 


A consortium of family office investors, comprising of Jesdev Saggar-led 3 Associates of the UK and others from the Middle East, has made the offer to acquire Sahara group's majority stake in the three marquee hotel properties — the famed Grosvenor House in London, Park Plaza and Dream Downtown hotels in New York.

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