Qatar: Qataris add Claridge’s to London portfolio


In depth
Issue 992 - 08 May 2015 | 10 minute read

There have long been rumours that Qatar was circling Claridge’s, one of London’s grandest hotels and the subject of a legal battle for years. A favourite with royalty since the mid-19th century, the iconic Mayfair property passed into Qatari hands in late April, along with two other luxury hotels, the Berkeley and the Connaught. The buyer was Constellation Hotels Group (CHG), which seems to be a privately owned group. It has bought a 64% stake in Coroin, a luxury hotel group that holds the three hotels, from David and Frederick Barclay, owners of The Telegraph newspaper, who had been in an acrimonious struggle over control of the hotels with another shareholder, Irish property magnate Patrick McKillen.

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