Subrata Roy, owner of London's Grosvenor House hotel, has made a bid for Marriott Hotels & Resorts properties in London, being sold by Royal Bank of Scotland for about 750 million pounds (Rs 5,808 crore). Roy's Sahara Group, which acquired the Grosvenor House a year ago for 470 million pound (Rs 3,275 crore), is vying with the Abu Dhabi Investment Authority and another Indian investor, Blue Post Group, among others. According to a report by Hindustan Times, Jones Lang La Salle, the property agent, and Hawkpoint, a corporate finance firm, are handling the sale.
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