Real Estate giant – DLF is in a selling spree. DLF purchased the AMAN RESORTS in 2007 by paying over US$ 400 million has confirmed its decision to sell the hotel chain, with the exception of the Aman Hotel in New Delhi. The company is also seeking to sell its real estate joint venture with the Hilton Group, and also number of plots that had been acquired for building hotels but not used subsequently.
So is DLF going through a cash-crunch or it’s feeling the heat for associating with Son-in-Law of the India’s First Family, Robert Vadra? Fashionscandal had posted earlier about DLF Hotel Holdings entering into a partnership with Sky Light Hospitality Pvt. Ltd., a company fully owned by Robert Vadra and his mother, Maureen Vadra. In 2008, Vadra acquired tracts of land in Haryana and Rajasthan, a 50% stake in a leading business hotel, Hilton Garden Inn in DLF Place Mall in Saket, Delhi. Several of Vadra’s companies have received loans, some unsecured, from DLF group companies, including the flagship DLF Ltd. 
The son-in-law of India’s First Family, Robert Vadra is going big into Reality Business with – Sky Light Hospitality Pvt. Ltd. that is fully owned by Robert and his mother Maureen Vadra and has entered into partnership with DLF Hotel Holdings. Vadra is no more satisfied just with Artex, a small company specialising in jewellery and handicraft exports. Now he is scaling up his business activities. In 2008, Vadra acquired tracts of land in Haryana and Rajasthan, a 50% stake in a leading business hotel, Hilton Garden Inn in DLF Place Mall in Saket, Delhi. Vadra is next planning to enter the business of chartering aircrafts (With Elections coming up, this is going to be a lucrative business.). All these information is available on the public domain with the Registrar of Companies. Several of his companies have received loans, some unsecured, from DLF group companies, including the flagship DLF Ltd.
In an interview with a national business paper, Robert Vadra in a telephonic chat from Europe stated, “The Hilton Garden Inn Hotel in Saket is a small business hotel. I have interest in hospitality and am happy to be part of the hotel.” Vadra also added, ”I have known the DLF people for a long time and they are friends of mine. I had wanted to invest in real estate and one thing led to another. Right now, I can only be part of a small hotel. If I were taking favours from people I would be doing far bigger things. But I am doing this on my own. I can’t expand immediately but I hope to expand a few years down the line.”
http://fashionscandal.com/index.php/tag/robert-vadra/
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