Sunday, November 14, 2010

Qataris in talks on £1 billion hotels bid

Harrods owner Qatar Holding is in talks to add another clutch of trophy assets to its portfolio with a £1billion deal to buy the hotel group behind The Connaught, The Berkeley and Claridge's.
The investment arm of the Qatari royal family has appointed global real estate adviser DTZ to help handle the talks with the Maybourne Hotel Group's board. Negotiations are believed to be at an early stage.

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