Royal Bank Of Scotland Sells The Grosvenor House Hotel To Indian Billionaire For $728 Million.

grosvenor chateau Royal Bank Of Scotland Sells The Grosvenor House Hotel To Indian Billionaire For $728 Million.

One of the inaugural establishments in the tellurian finance arena, the Royal Bank of Scotland has reportedly sold the oppulance Mayfair hotel, the Grosvenor House to an Indian billionaire for the whopping $728 million. The Grosvenor House is also important for the birthright as being the chateau of dukes of Westminster. The acquisition of this stately road house property, deliberate to be the single of Londons largest 5 star hotels has been done possible by Subrata Roy, who is the Chairman of the media conglomerate, Sahara India Pariwar.

This latest spin around in the oppulance road house industry hasnt been something that, the Royal Bank of Scotland was seeking brazen to, as it had envisioned the Grosvenor House to be sold for $774 million, as against the last price of $738 million. The Grosvenor House is currently being managed by Marriot International as well as the oppulance road house skill in new years has undergone the multimillion pound refurbishing project. The acquisition of the Grosvenor House by Mr. Roy, has come at the time when, the Royal Bank of Scotland is well on the way to take controlling seductiveness in Jarvis Hotels, which is known to be the single of Britains largest provincial road house groups.

Via The Guardian


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