The Supreme Court recently ordered the auction of Aamby Valley resort town near Pune, which the group claims has Rs1 trillion valuation. Sahara holds 85% in New York’s Dream Downtown hotel and 70% in The Plaza, where Trump—then a real estate tycoon and owner of the luxurious property—married his second wife Marla Maples in December 1993. The 110-year-old The Plaza is situated off Central Park and its ownership has changed hands several times. When contacted, a Sahara group spokesperson declined to disclose any deal value at this stage or the name of the interested buyer but confirmed that the talks are underway with a Middle-East entity. “Sahara is in process of selling (stake in two US hotels) to one large enterprise of Middle East.

Source: Mint August 27, 2017 12:00 UTC