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From an Indian jail, tycoon tries to sell the New York Plaza
It's hardly the $30,000 a night royal suite, but after five months in India's biggest jail, the owner of the New York Plaza and London's Grosvenor House is thrilled to be able to use a modest office as he tries to sell the iconic hotels. Indian tycoon Subrata Roy is putting up the two trophy properties and another luxury New York hotel for sale to raise $1.6 billion for the bail bond that will get him out of Tihar, a sprawling New Delhi prison complex that houses about 12,000 inmates. About a minute's walk from the headquarters of the prison, Roy now has a 600 square feet (56 square meter) office where he can hold ... (full story)
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