Nobu, the upmarket international restaurant chain, is branching out into the hotel business. It plans to build a 62-story glass tower near the New York Stock Exchange that will house a 128-room, five-star hotel, 77 luxury condominiums and the city's fourth Nobu restaurant. Nobu Hotel and Residences would be the first Nobu hotel in the country, another is being developed in Herzliya Marina along Israel's Mediterranean coast. This latest development follows the revelation that at least six potential buyers had registered an interest in buying Nobu prior to the first-round deadline. According to reports, the would-be buyers include Richard Caring, who owns a string of upscale leisure assets, including Wentworth Golf Club, Soho House and fined-dining restaurants The Ivy, J Sheekey and Le Caprice. Caring faces competition from Indian financier LDF and the Dubai government’s investment arm DIC, which owns the Travelodge budget hotel chain. Goldman Sachs, which is handling the sale, will look at proposals for a stake ranging from 51% to 75%, valuing Nobu at up to £250m.