According to The Economic Times, the famed Plaza Hotel in New York City is being acquired by the Sahara Group, an Indian company, for $600 million. The Sahara Group operates the Taj Boston, as well as a hotel in Mumbai. Taking over the Plaza Hotel could put the company on the mainstream map.
It is reported that an advance has already been paid for the 105-year old hotel.
Like Haute Living New York? Join our Facebook page or follow us on Twitter @HauteLivingNY. Want Haute Living New York delivered to your inbox once a week? Sign up for our newsletter.