Blackstone, Embassy to acquire Four Seasons Bangalore
The Blackstone Group and Indian developer Embassy Property Developments have acquired a 73% stake in Bangalore-based project comprising the Four Seasons Hotel and a luxury home development from Goldman Sachs.
The deal has been valued at around INR6.3 billion ($102 million), according to Live Mint. Blackstone will pay INR2 billlion to acquire a 50% stake in the project, while the remaining 50% will be with...
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