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Monday, June 14, 2021

Deal in the works to sell London’s Grosvenor House Hotel to Qatar

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One of London’s best-known hotels, Grosvenor House on Park Lane, could soon be sold to Qatar. Its current owners, the Sahara group, told the Indian Supreme Court yesterday that it has entered an agreement to sell its interest in the five-star Mayfair hotel, Business Standard reports.

The Grosvenor House sale would be one of a portfolio of assets the Indian company is reportedly selling. Sahara bought the hotel in 2010 from Royal Bank of Scotland for $726 million.

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