Deals
London's Grosvenor House Hotel Has a New Owner
- Mayfair property had been held by Subrata Roy’s Sahara India
- Ashkenazy also recently bought stake in NYC’s Plaza hotel
The Grosvenor House Hotel in London.
Photographer: Pawel Libera/LightRocket via Getty ImagesThis article is for subscribers only.
Ashkenazy Acquisition Corp., the U.S. real estate investor that recently bought a stake in New York’s Plaza Hotel, said that it acquired the Grosvenor House hotel in London, helping resolve an imbroglio that kept ownership of the famed properties in limbo for three years.
Terms of the purchase, announced on Friday, weren’t disclosed. The Grosvenor House acquisition “reflects a continued aggressive focus” on buying an additional 2 billion euros ($2.3 billion) of “global iconic assets” over the next two years, New York-based Ashkenazy said in a statement.