Qatar Holding, the investment arm of Qatar's sovereign wealth fund, is in talks to increase its London portfolio with a $1.6bn bid to buy the hotel group behind The Connaught, The Berkeley and Claridge's, it has been reported.
Qatar Holding, which in May paid $2.5bn for London department store Harrods, is understood to be in early negotiations with the Maybourne Hotel Group.
Maybourne, which owns luxury hotel brands The Connaught, The Berkeley and Claridge's, is battling to refinance more than $1bn worth of debt.
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