OneIndia24News: Oberoi among cos keen to buy Westin Kolkata

Tata Group-promoted

, Oberoi Realty, Brookfield Advisors and Goldman Sachs-backed SAMHI Hotels are among 38 companies that have shown interest in acquiring Westin Kolkata Rajarhat Hotel, said people aware of the development. Srei Group-affiliate Sarga Hotel, which operates the five-star hotel under the Westin Kolkata brand, was admitted by the National Company Law Tribunal in February for insolvency proceedings on a petition filed by


The other applicants include


, Jindal Power, Kotak Special Situations Fund, CVI Emcof Master Fund, Asset Reconstruction Company of India (Arcil), Assets Care & Reconstruction Enterprise (ACRE),

ARC, Rare ARC, Prudent ARC and RKG Fund, the people said.

CVI Emcof Master Fund is linked to US hedge fund CarVal, while ACRE is backed by Ares SSG Capital.

Sarga Hotel’s resolution professional, Indian Hotels,

, SAMHI, Kotak, Jindal Power and Prestige Estates did not respond to requests for comment. Brookfield declined to comment. Sarga Hotel, formerly known as Shristi Hotels, was promoted by the Shristi Group, part of a trust founded by the Kanoria family who also founded the Srei Group. Shristi Infrastructure Development Corp has a 65% stake in it, according to a rating report by Brickworks.

The resolution professional has admitted ₹393.6 crore of claims from financial creditors. These include Yes Bank’s ₹370.3 crore claim as secured creditor and

‘s ₹23.2 crore claim as an unsecured creditor.

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