Thursday, June 17, 2010

Qatar Fund Moves on Two of London’s Luxury Hotels

June 17 (Bloomberg) -- The Qatar Investment Authority, one of the world’s best endowed sovereign wealth funds, is in talks to buy a one-third stake in London’s Savoy Hotel and is among the final bidders in an auction for the Grosvenor House Hotel, the London-based Times reported, without saying where it got the information.

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