Qatar has bought majority stakes in three luxury London hotels, in a further sign of its expanding property investments in the UK capital.
The Gulf state’s Constellation Hotels reportedly bought 64 per cent of the hotel company Coroin, which owns five-star hotels including Claridge’s, Berkeley and The Connaught.
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It purchased the stake from the billionaire brothers Sir David and Sir Frederick Barclay, best known as proprietors of the Telegraph newspaper titles.
The move is the latest in a string of London investments by Qatar. It already owns several landmark buildings including The Shard skyscraper – the city’s tallest – the Park Lane Hotel, along with the luxury department store Harrods and co-ownership of the Canary Wharf financial district.
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