Iconic hotel on Park Lane put on the market after its owner was placed into administration by creditors . Indian conglomerate , Sahara , paid £470 million for the hotel in a record-breaking deal in 2010 . Hotel has 74 rooms , 420 suites , 27 meeting spaces and The Great Room , one of Europe 's largest banquet halls .
Iconic hotel on Park Lane put on the market after its owner was placed into administration by creditors . Indian conglomerate , Sahara , paid £470 million for the hotel in a record-breaking deal in 2010 . Hotel has 420 rooms , 74 suites , 27 meeting spaces and The Great Room , one of Europe 's largest banquet halls .