Sahara of India is talks with Oasis West Realty to pick up a controlling stake in the Beverly Hilton hotel. The owner of Oasis, Israeli-American entrepreneur Beny Alagem, approached Sahara to sell 55% stake in the iconic hotel for $340 million according to a newspaper report

Lucknow, India based Sahara Group led by Subrata Roy bought a majority stake in New York’s iconic Plaza hotel for $640 million. Two years ago, it acquired the Grosvenor Hotel in London.  The 57-year-old Beverly Hilton, on the intersection of Wilshire and Santa Monica boulevards in Beverly Hills, California, hosts 175 red carpet events every year, including the Golden Globe Awards.

Roy’s company also owns Sahara Star hotel in Mumbai, and has interests in real estate, financial services, information technology, sports and entertainment. It also owns the Pune cricket franchise in the Indian Premier League and is part owner of Force India F1 team.