Wednesday , October 20 2021

Source: Qatar agrees to buy Grosvenor House in London



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Source: Qatar agrees to buy Grosvenor House in London

According to Reuters, the purchase was agreed Tuesday without revealing the purchase price

Qatar agreed to buy Grosvenor House, one of the most popular hotels in London, told Reuters a source without name.

The acquisition of the hotel, located in Park Lane in front of Hyde Park in Mayfair, London, was agreed yesterday with the old owner of the American investment firm Ashkenazi Equity, and the purchase price was not revealed, the source said.

Ashkenazi did not respond to a comment request, or the Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar, who buys the hotel through its hospitality unit of Katara, responded to a comment request.

Reuters

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