The Grosvenor House hotel in
The 420-room hotel in
The company plans to add restaurants and a nightclub to the property, which first opened its doors in 1929.
The hotel also houses
“Acquisition of Grosvenor House presents a unique opportunity for Sahara India to establish its foot-hold in the international luxury hotel market after having successfully proved its expertise in hospitality sector in India through Hotel Sahara Star and its luxurious 10,600 acres Aamby Valley City,” the company said.
Sahara Group chairman Subrata Roy Sahara said the property was a part of the group’s “major expansion plans”.
“In addition to the acquisition of Grosvenor House,
The company owns businesses in several sectors including tourism, hospitality, technology, real estate, media and sports.