July 25, 2017

Milbank Advises Sahara India Pariwar on the Sale of Grosvenor House Hotel and US Debt Refinancing


Milbank, Tweed, Hadley & McCloy LLP represented Indian conglomerate Sahara India Pariwar in connection with a cross border sale by a Sahara subsidiary of the entire issued share capital of Sahara Grosvenor House Hospitality Limited to GH Equity Limited.

The Milbank team also advised Sahara India Pariwar in connection with the refinancing of US debt secured on the Plaza Hotel and Dream Downtown Hotel in New York.

The cross border, multi-disciplinary team was led by London corporate partner Stuart Harray with partners Mark Mandel, Mike Bellucci and Alan Stone in New York and Charles Evans in London; of counsel Patrick Holmes in London and Bruce Todd Gardner in New York; special counsel Matthew Mortimer in London; senior associates Merih Altay and Sarah Ullathorne in London, and associates in London and New York.