• Roy agrees Grosvenor deal

Embattled hotel investor Subrata Roy has signed a deal to get him out of an Indian jail. Among new backers in a GBP1.3bn deal is a UK hotel group that will take over the Grosvenor House, reports the Telegraph.

The deal has been put together by Mirach Capital, a consortium headed by Saransh Sharma. It will see the London hotel sold, along with the Plaza and Dream hotels in New York.

Read the full story here:

http://www.telegraph.co.uk/news/worldnews/asia/india/11358265/Indian-billionaire-Subrata-Roy-mortgages-Grosvenor-House-and-New-Yorks-Plaza-hotel-to-get-out-of-jail.html

 

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