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Sovereign Wealth Funds Briefing - Categorized | Market

Sahara may topple ADIA in UK’s Marriott hotels deal

Posted on 08 March 2012

After snapping London’s iconic Grosvenor House Hotel for 470 million pounds last year, diversified business conglomerate Sahara India is close to buying out a bunch of Marriott hotels in London valued at 750 million pounds.
Though UAE-based Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the world, has emerged as the lowest bidder, Sahara has been identified as the preferred bidder. This is because RBS wanted to sell it to someone with hospitality experience and not to just someone as a strategic or financial investor, sources say……………………………………….Full Article: Source


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