Plaza Hotel in New York sold to Indian billionaire

[pmaitra]

Plaza Hotel in New York sold to Indian billionaire

The Plaza Hotel was the home of the 1950s fictional tearaway Eloise

Indian billionaire Subrata Roy has bought the luxury Plaza Hotel at the corner of Central Park in Manhattan.

Mr Roy's Sahara group, known for its sponsorship of Indian cricket and motor sports, paid the US-Israeli retailer El Ad $575m (£360m) for its 75% stake.

The remaining 25% of the hotel is being retained by its current owner, Prince Alwaleed bin Talal of Saudi Arabia, via his Kingdom Holding group.

Mr Roy has also reportedly bought a second luxury hotel in New York.

In a separate deal, Sahara bought the Hotel Dream New York on Monday from American hotelier Vikram Chatwal for $220m, according to the Economic Times of India.

Source: BBC News - Plaza Hotel in New York sold to Indian billionaire

 

[arya]

good to know

 

[Blackwater]

Q to be asked about mr Roy income ??? He sold his airline, How can he make money just with real estate or iam missing something:shocked:

 

[W.G.Ewald]

Plaza Hotel in New York sold to Indian billionaire

The Plaza Hotel was the home of the 1950s fictional tearaway Eloise





Source: BBC News - Plaza Hotel in New York sold to Indian billionaire

Better him than Chinese or Japanese.

 

[blank_quest]

Q to be asked about mr Roy income ??? He sold his airline, How can he make money just with real estate or iam missing something:shocked:

Not only that he is asked by court to return $5 billion to the public in some case this was the Chap who used to travel with old scooter in early days...