Chinese bid for big stake in the Maybourne Hotel Group

The battle for control of Maybourne Hotel Group, which owns the Berkeley, Claridge's and The Connaught hotels in London, has taken a dramatic turn this weekend with a surprise bid from the Chinese government for the 37 per cent stake in the group.

Although owner Paddy McKillen, one of Ireland's most successful property developers, has said he did not want to sell, he is understood to be evaluating the offer.

The deal could scupper plans by the Barclay brothers, owners of the Ritz in London and Telegraph Media Group, to take a controlling stake in Maybourne after acquiring 25 per cent from the family of British billionaire Peter Green earlier this month.

Read More:

Related articles

• Barclay Brothers Said to Gain Control of Maybourne Hotels' Owner (hospitalitybusinessnews.com)