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Among the frontrunners to acquire the hotel is Mukesh Ambani. Ambani has long been looking to own a five-star hotel in New Delhi. There were reports that he planned to buy out the Nandas from Hotel Claridges. But the deal did not go through.
Ambani then invested in Hotel Oberoi, a luxury five-star hotel brand run by East India Hotels Ltd, where his wife Nita is now a director. But the control of the hotel remains with Prithviraj Singh ‘Biki’ Oberoi. Ambani, sources said, is still looking for a hotel with full control and The Ashok could be an opportunity for him.
