Indian conglomerate Sahara India’s unit Aamby Valley has purchased London’s Grosvenor House hotel from the Royal Bank of Scotland for 470 million pounds (1 pound = 69.34 Indian rupees). The Hotel Grosvenor House London is located along Park Lane and is 16.4 miles from the London Heathrow Airport. Indian flag will be hoisted every day on the hotel every day.
The rooms and suites within the Grosvenor House London Park Lane are equipped with luxury linens and toiletries, climate controls, mini bars and beverage stations, wake up service, high-speed Internet, satellite TV, and personal safes.
Sahara said in a statement the acquisition would help the group establish its foothold in the international luxury hotel market. It plans to add restaurants, a business centre, a night club and other facilities to the property.
Grosvenor House, with 420 rooms, 74 suites and 27 meeting rooms is located in the upscale Park Lane in London and is currently managed by Marriott International. The hotel would now be jointly run by Sahara and Marriott, Sahara said.
Sahara currently operates the Sahara Star hotel in Mumbai and owns the Amby Valley Township in western India in Maharashtara near Mumbai Pune expressway. The city is spread over 10000 acres of land.
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[...] Sahara buys New York’s The Plaza Hotel for $570 million August 1, 2012 By Mamta Tripathy Leave a Comment The Sahara Group has bought a controlling stake in New York’s iconic Plaza Hotel for $570 million. This is Sahara Group’s 2nd international acquisition in last couple of year. Earlier it bought the London hotel Grosvenor House for £470 million. [...]