London's Grosvenor House Sold to Qatar

March 30, 2016 Redazione

The state of Qatar has purchased the Grosvenor House Hotel from the Sahara Group. The selling price was not released, but the profits are set to be used to help pay the bail of Sahara Group founder Subrata Roy who was arrested for allegedly illegally gathering $3.5 billion from small town investors and using it for other projects. Two others Sahara Group hotels are under transaction to a Russian Bank in order to free the group’s founder.

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