A private Qatari investor bought the Ritz hotel in London for an undisclosed price which Bloomberg reported on March 27 to be 800 million pounds.
The unnamed Qatari investor bought the hotel from British billionaires David and Frederick Barclay, twin brothers who bought the Ritz for 75 million pounds in 1995. Earlier in March, in a statement released to the media, Frederick threatened to sue if a sale of the Ritz went through for less than 1 billion pounds.
A spokesperson for Ellerman Investments, one of the vehicles behind the assets of the Barclay family, however said “neither Sir Frederick nor Amanda Barclay have any relevant legal interest which would allow them to disrupt the sale”, the Financial Times reported on March 27. The Ritz closed on March 27 for the first time since it was opened by César Ritz in 1906, amid the coronavirus outbreak.
Reuters KarenKKwok 😡😡😡😡
KarenKKwok 🤣🤣🤣 doesn't surprise me a bit! Love that shit! Hope he doing good!.1 💥💥💥
Reuters KarenKKwok Selling England by the pound...
Reuters KarenKKwok And do we give a fuck, not one fucking bit?
KarenKKwok Looks like only Boris left from England in England
Reuters KarenKKwok Would would London continue selling things to those filthy heathens?!
Reuters KarenKKwok Just because some Qatari bets that is true doesn't make it true
Reuters KarenKKwok Lot of London high end properties are owned by Qatar investors. So Ritz deal is not surprising.
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