<p>Diversified Sahara Group is in talks with US-based Oasis West Realty to buy a majority stake in the Beverly Hilton hotel in Los Angeles for about 19 billion rupees ($341 million), media reports said on Wednesday.<br /><br /></p>.<p>Beny Alagem, the Israeli-American owner of Beverly Hilton, which hosts the Golden Globe Awards, had approached Sahara to sell a 55 per cent stake, reports said, quoting a person with knowledge of the development.<br /><br />“They had approached us some time ago and we are in negotiations,” Sahara Chairman Subrata Roy Sahara later said.<br /><br />Sahara, which has interests in media, finance and real estate and sponsors the Indian cricket team, recently bought a controlling stake in New York’s Plaza Hotel for $570 million. It also owns London’s Grosvenor House Hotel.<br /></p>
<p>Diversified Sahara Group is in talks with US-based Oasis West Realty to buy a majority stake in the Beverly Hilton hotel in Los Angeles for about 19 billion rupees ($341 million), media reports said on Wednesday.<br /><br /></p>.<p>Beny Alagem, the Israeli-American owner of Beverly Hilton, which hosts the Golden Globe Awards, had approached Sahara to sell a 55 per cent stake, reports said, quoting a person with knowledge of the development.<br /><br />“They had approached us some time ago and we are in negotiations,” Sahara Chairman Subrata Roy Sahara later said.<br /><br />Sahara, which has interests in media, finance and real estate and sponsors the Indian cricket team, recently bought a controlling stake in New York’s Plaza Hotel for $570 million. It also owns London’s Grosvenor House Hotel.<br /></p>