India’s Sahara Group has requested an Indian court to approve the sale of three hotels in the UK and US to Qatar Investment Authority (QIA), the Al Sharq news portal said citing British media reports.
The portal reported yesterday that Sahara Group has submitted a letter of intention to the court regarding the sale of Grosvenor House in London and Dream Downtown and Plaza hotels in New York.
According to the website, the sources said the Group discussed the sale of the three hotels to QIA involving “a deal of less than 5% of the estimated price in April”.