Sahara Group in India has made a bid for 42 Marriott hotels in London, which are being sold by Royal Bank of Scotland (RBS) for around £750m.
According to a Sunday Times report, the four-and five-star properties have attracted interest from other buyers, including the Abu Dhabi Investment Authority and Blue Post Group.
Go deeper with GlobalData
RBS took control of the properties after the failure of talks to restructure loans it extended to the previous owner, a consortium that included Irish property fund Quinlan Private and Israeli property investor Delek.
In 2011, Sahara Group subsidiary Aamby Valley acquired the Grosvenor House hotel in London from RBS for £470m.
The purchase was one of the largest acquisitions made by an Indian company in the hospitality sector.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
