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Monday, 26 September 2016

Qatar withdraws from race for Grosvenor House and New York Plaza - FT.com

Qatar withdraws from race for Grosvenor House and New York Plaza - FT.com:

"The Qatar Investment Authority has abandoned talks to buy London’s Grosvenor House Hotel and two hotels in New York, increasing the likelihood that the trophy properties will be acquired by the UK’s richest men, the Reuben brothers.
The QIA’s withdrawal, confirmed by three people briefed on the situation, prolongs the troubles of India’s Sahara Group, which owns the Grosvenor House and majority stakes in New York’s Plaza and Dream Downtown hotels."



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