SINCE opening the Time hotel more than a decade ago in Midtown Manhattan, Vikram Chatwal has been a fixture of glittering city life. He briefly dated the models Gisele Bündchen and Kate Moss. He entertained celebrity friends like Naomi Campbell at Nell’s, now closed. And in 2006, his family hosted a 10-day, three-city Indian wedding for him and Priya Sachdev, a model and former investment banker, inviting guests like former President Bill Clinton, Deepak Chopra and Sean Combs.

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