Page 35 - Newsletter-Hotel & Hospitality industry

"Upon launch, Aurora Station goes into from the earth's surface, will be about the

service immediately, bringing travellers size of the cabin of a large private jet.
into space quicker and at a lower price Company representatives say it will be
t point than ever seen before," Bunger said roughly 43 ½ feet long by 14 feet wide,

in a statement. "Our goal is to make space with a pressurized volume of 5,650 cubic
h accessible to all, by continuing to drive feet. By comparison, the ISS is much

greater value at a lower cost." larger, at 357 feet long, an internal
g The hotel, which is slated for launch into pressurized volume of 32,33 cubic feet,

low Earth orbit (LEO) at around 200 miles and soars 250 miles above Earth.
i
s Qatar fund buys Sahara-owned

n
Plaza Hotel for $600 mn
I
s The Plaza Hotel, one of New US President Donald a right as minority owners to

York's most iconic buildings Trump, who once compared match any agreement to
in which the Subrata Roy- it to the Mona Lisa, and purchase Sahara's majority
s led Sahara India group has hotelier Conrad Hilton were stake, the WSJ report said.

majority stakes, has been previous owners of one of
e fully acquired by a Qatar the most iconic landmarks in S a h a r a a c q u i r e d i t s

government-owned fund for New York City. Trump lost controlling stake in 2012 in a
n about $600 million. Qatar's the hotel in a bankruptcy. deal that valued the

state-owned Katara Holding property at about $575
i has acquired full ownership. The Plaza Hotel, opened in million. The Indian company
1907, is the only hotel listed has been trying to sell the
The “surprise buyer” is a
s hospitality fund that buys on the National Register of Plaza for years but was
Historic Places. The report never able to complete a
and manages hotels around
u the world for the Qatar said Katara's purchase deal. Last year, it hired
marks the latest twist in a brokerage firm Jones Lang
government.
B The deal, which closed on surrounding the Plaza auction of the property.
long-running global saga LaSalle to carry out an

a Monday, includes 282 guest Hotel's ownership. About 50 private-equity
rooms and the property's
firms, foreign governments
In April, a group of investors
retail space, people familiar
led by founder of Dubai- and other investors had
i with the transaction were expressed interest in the
based White City Ventures
quoted as saying in the Plaza Hotel last year,
d report. Qatar, a tiny Gulf Shahal Khan and Kamran people familiar with the
nation, is the world's largest Hakim of the Hakim matter say.
n exporter of liquefied natural Organisation, a large

gas. It already owns private New York landlord,
I landmark hotels such as had reached a deal to buy
the property. But about a
The Savoy and The
week later, Ashkenazy and
Connaught in London.
Prince al-Waleed exercised