Blackstone, Xander and Shriram Properties in the fray to acquire retail-cum-hotel asset in Bangalore

Private equity major Blackstone, global investment firm the Xander and Bangalore-based realtor Shriram Properties are in the race to acquire the stressed asset of Blue Horizon Hotels Pvt Ltd, which comprises an under construction hotel-cum-retail mall in the city, for close to Rs 425-460 crore, said sources privy to the ......