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February 5, 2002 | 1755 IST 		Feedback  
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Radisson group bags Centaur Airport Hotel

Along with the 'big ticket' privatisation of petro retailer IBP and telecom giant Videsh Sanchar Nigam Ltd, to IOC and Tata respectively, for a total of Rs 25.92 billion, Divestment Minister Arun Shourie announced that Centaur Airport Hotel in Mumbai would be sold to A L Batra of Radisson (Delhi) for Rs 830 million against the reserve price of Rs 780 million.

Singapore-based Silverlink Holdings successfully bid for Lodhi Hotel New Delhi at a price of Rs 762, million against a reserve price of Rs 404 million, he said.

Sushil Gupta and Associates of Hyatt got Qutub Hotel of ITDC for Rs 357 million against a reserve price of Rs 310 million while Laxmi Vilas Palace Hotel, Udaipur, went to Bharat Hotels for Rs 75 million against a reserve price of Rs 61 million.

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