Sahara Group lines up another prestige property
The Sahara Group continues its aggressive global expansion with a bid for a controlling stake in Los Angeles’ famous Beverly Hilton hotel.
Having recently acquired Marquee Hotel properties in the UK and the US, Sahara Group is now in talks with Oasis West Realty for a 55% share in the property, worth US$340m (INR1,900 crore).
Acquisition of this landmark hotel which hosts the Golden Globe Awards, will add to a growing portfolio of glamorous properties which, as of last month, also includes New York’s iconic Plaza hotel, and London’s Grosvernor Hotel.