LONDON, December 31, 2010 -- Sahara India Pariwar, the multi business conglomerate of India, today announced that it has acquired the most iconic hotel, Grosvenor House hotel from The Royal Bank of Scotland Group plc.
located in the prestigious locality of Park Lane in Mayfair, London, is
an iconic landmark with 420 rooms, 74 suites, 27 meeting rooms
providing an incredible 4,000 square meters of high quality space and
also houses Europe's largest and most famous hotel banqueting space,
the Great Room.
Pariwar, a diversified Indian business conglomerate founded in 1978,
has operations in multiple sectors including hospitality, tourism, city
development, real estate activities, financial services, housing
finance, mutual funds, life insurance, print and television media, film
production, sports, information technology, healthcare, commodity sales
& services and consumer products.
Grosvenor House presents a unique opportunity for Sahara India Pariwar
to establish its foot-hold in the international luxury hotel market
after having successfully proved its expertise in hospitality sector in
India through Hotel Sahara Star and its luxurious 10,600 acres Aamby
On this occasion
Mr. Subrata Roy Sahara, Managing Worker & Chairman, Sahara Group,
said, "We are extremely happy to announce Grosvenor House joining the
Sahara family." He further said, "This acquisition is a part of the
major expansion plans of the group. In addition to the acquisition of
Grosvenor House, London will be the gateway for Sahara to introduce
some of its new business ventures, internationally."
Note: The acquisition was brokered by Richard Lewczynski of Blandford Goldsmith.
Sr. Manager, Corporate Communications
Sahara India Pariwar
Ph.: 0522 2324852; Mobile: 9335235621