Sahara group takes over New York's iconic Plaza hotel

[third eye]

After its SNAFU with Airlines - Air Sahara, the group is wisely investing in real estate in India & the world over.

Despite what ppl may say & feel, Sahara is a huge group with inflow of funds form ' multifarious' locations. Sponsoring the national team is no small amount as well.

Buying an IPL team too is part of the investment.

Travel industry is one which has immense returns. The Oberoi & Tata Groups have done well too hence is no surprise Sahara follows abroad after its venture in Mumbai.

 

[born]

what is there to be proud of????
A private company buying a Hotel in USA??
There are corporations, they do this for the sole purpose of making profit,nothing else.

 

[jha]

This group's way of functioning is almost opaque. They have been making some good investments though.