Sahara group takes over New York's iconic Plaza hotel

[Shardul.....the lion]

why Indian companies are buying hotels abroad? is hotel business more profitable abroad?

 

[Bhai Zakir]

Its not only about only a single hotel but 2 iconic luxury hotels of New York

Sahara Group has completed the acquisition of two iconic New York hotels ”New York Plaza and Dream New York-” both based near Manhattan's Central Park, a century-old destination for socialites and celebrities, for around $800 million (about Rs 4,400 crore).

The Sahara Group, which had acquired Grosvenor House in London in 2010, is said to be now looking at picking up some other landmark properties in New York to build up a portfolio of luxury hotels.

Sahara buys 2 iconic NY hotels - New York Plaza, Dream New York - Economic Times

Sahara India Pariwar buys NY's Plaza Hotel for $575M | Articles | IndUS Business Journal

 

[RoYaL~GuJJaR]

Heheheh...I guess I was too hasty.

LOL....Alright.

Slow down.

 

[xyxmt]

been there done that, Hotel Roosevelt in New York owned by PIA for last 30 years and recently sold
glad you guys are following us, good luck in hospitality management

 

[Skull and Bones]

why Indian companies are buying hotels abroad? is hotel business more profitable abroad?

No, but hotel helps in money laundering and turn black money into white money.

 

[rashtriya.rifles]

will they allow pakistanis to stay there

 

[W.11]

old building should be demolished

 

[kam83]

old building should be demolished

i understand your feeling brother .......but its ok ....this will also pass

 

[Rajaraja Chola]

why Indian companies are buying hotels abroad? is hotel business more profitable abroad?

Yes. The rate and cost of living is high in western nations. So there is considerable profit involved.

 

[scholseys]

Same sahara group that robbed nearly 2 billion dollars from the people of india? The plaza hotel purchase was before they lost the case. This sahara made its fortune through ponzi schemes and is an MLM company. Good to see they are shifting indian hard earned usdolarsto usa

 

[mark_t]

Same sahara group that robbed nearly 2 billion dollars from the people of india? The plaza hotel purchase was before they lost the case. This sahara made its fortune through ponzi schemes and is an MLM company. Good to see they are shifting indian hard earned usdolarsto usa

Astonished at your ignorance and ranting about something which you dont seem to know at all.

 

[black_jack]

old building should be demolished

we did that in 1992.

 

[trident2010]

Sab kharid lo UK and US ke.

Bus mera ghar chod dena ..

 

[W.11]

Sab kharid lo UK and US ke.

US to 50 states me tootne waala he, dobte nayyah me doob marne ka irada he kia?

 

[veekysingh]

a proud moment.