Bidders circling Sahara Group hotels

The Sahara Group has reportedly received an offer from the estate of real estate investor Arthur G. Cohen to buy the Dream Hotel in New York for $205 million. Meanwhile, sports agent David Sugarman and rap artist Pras Michel were said to have submitted a $2.2 billion bid for the Dream, The Plaza Hotel in New York and London’s Grosvenor House hotel, and the Sultan of Brunei has reportedly reemerged as a contender for the portfolio with a bid of more than $2 billion. Read the Hotel Management online story here