Indian pair make £550m Grosvenor House Hotel bid

Grosvenor House Hotel

Jailed Indian businessman Subrata Roy has been granted a six-hour period in which to negotiate the sale of London’s Grosvenor House Hotel in order to help him pay $1.66bn bail costs after he received a knockout bid for the property.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue