Qatar Company May Take Over Three Luxury London Hotels

London

Arabian Business is reporting that London’s Claridge’s, Berkeley and Connaught hotels could become Qatar’s latest "trophy assets" in the city: An investment firm controlled by the Qatari emir has reportedly offered to buy a stake in the hotels’ parent company.

According to the article, the news is part of a legal battle between Irish developer Paddy McKillen and British businessmen Sir David and Frederick Barclay, partners in Coroin, the parent company that owns the three hotels.

The Gulf State already owns several London properties, including the Harrods department store, The Shard skyscraper and Chelsea Barracks.

 

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