The Sahara Group acquired landmark Plaza Hotel of New York

Aug 16, 2012, 18:27 IST

Corporate Current Affairs July 2012. The Sahara Group acquired landmark Plaza Hotel of New York on 30 July 2012 in a deal worth 570 Million Dollars

The Sahara Group acquired landmark Plaza Hotel of New York on 30 July 2012 in a deal worth 570 Million Dollars. Plaza Hotel was jointly owned by the Israeli Businessman, Yitzhak Tshuva and Saudi Arabia based firm, Kingdom Holdings Co.

Elad Properties sold their 60 percent of their stake to Sahara group. The remaining 40 percent was received by Kingdom Holdings Co.

Five Star Hotel Sahara Star situated in Mumbai is owned by the Sahara Group. The Sahara Group also owns the Grosvenor House Hotel situated in London.

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