Elad Group is close to selling its stake in New York’s Plaza Hotel to Sahara India Pariwar, and property co-owner Kingdom Holding Co., controlled by Saudi billionaire Prince Alwaleed bin Talal, will hold a 25 percent stake after the deal is done, said a person with knowledge of the transaction.
The Broccoli family, producers of the James Bond movies and co-owners of the franchise with Metro- Goldwyn-Mayer Inc. , are involved in Sahara India Pariwar’s $2 billion bid to buy the debt-laden studio, said a person with knowledge of the offer.
When Rashmi Deshmukh needed money for her hand-knit clothing business in Mumbai, she couldn’t wait for bank approval. Instead, she put up her wedding jewelry as collateral at a loan-for-gold company to get cash on the spot.
Kingdom Holding Co., controlled by Saudi billionaire Prince Alwaleed bin Talal, plans to retain its stake in the Plaza Hotel after Sahara India Pariwar reportedly made an offer to buy the New York icon.