Operations
Operational Management

plus

Goldman Sachs to Sell Four Seasons Hotel in Bangalore

1 min reading time

Published on 27/09/12 - Updated on 17/03/22

Add

Goldman Sachs is reportedly planning to sell its majority stake in the Four Seasons hotel currently under development in Bangalore.

Through its real estate unit Whitehall, Goldman Sachs holds a stake of approximately 73% in the project which involves the construction of a new 230-room hotel, to be operated by Four Seasons, as well as luxury residences, retail and office space. Development partners Westcourt and Century Real Estate who hold the remaining 27%, are also thought to be wanting to exit the venture.Goldman is supposedly in early talks with real estate and private equity firms such as Prestige Group, and Urban Infrastructure Opportunities Fund to sell the 6.5 acres of land situated near Merki Cricle in Bangalore. Reasons for the sale may include the project’s delay.Goldman is supposedly in early talks with real estate and private equity firms such as Prestige Group, and Urban Infrastructure Opportunities Fund to sell the 6.5 acres of land situated near Merki Cricle in Bangalore. Reasons for the sale may include the project's delay.

Four Seasons Hotels & Resorts
Add

Four Seasons Hotels & Resorts

Hotel Group

  • Four Seasons Hotels & Resorts Canada
SEE THE NOTE
For further

Every week, the HON team brings you an expert look at the world of hospitality. By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.

BECOME A MEMBER

Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?