Brunei Sultan denies New York hotels bid


  • Property
  • Wednesday, 20 Aug 2014

BANGALORE: A spokesman for the Sultan of Brunei dismissed a report by the Wall Street Journal online that he had made a bid for New York’s Plaza Hotel, Dream Hotel and London’s Grosvenor House hotel.

The Journal’s website edition reported on Saturday, citing people familiar with the situation, that an investment firm affiliated with Brunei had offered to pay US$2bil for the three hotels, which are currently owned by India’s Sahara conglomerate.

“Neither His Majesty, the Brunei Investment Agency, nor the government of Brunei are involved in any way in the purchase of the Grosvenor House in London or the Plaza and Dream Downtown hotels in New York,” a spokesman at Bell Pottinger, acting on behalf of the Sultan, wrote in an e-mail. — Reuters

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