Sultan of Brunei dismisses reports of bidding for The Plaza, New York and two other hotels
A spokesman for the Sultan of Brunei dismissed today a report by the Wall Street Journal that he had made a bid for The Plaza Hotel and the Dream Hotel in New York and the Grosvenor House Hotel in London.
The WSJ reported on Saturday, citing people familiar with the situation, that an investment firm affiliated with Brunei had offered to pay $2 billion for the three hotels, which are currently owned by India’s Sahara Group. Subrata Roy, the Chairman of the Sahara Group is currently jailed in New Delhi on contempt of court charges. The profits from the sale of the properties would reportedly be used to pay Roy’s $1.6 billion bail bond.
“Neither His Majesty, the Brunei Investment Agency, nor the Government of Brunei are involved in any way in the purchase of the Grosvenor House in London or the Plaza and Dream Downtown hotels in New York,” a spokesman acting on behalf of the Sultan of Brunei wrote in an email.