London’s Claridge’s, Berkeley and Connaught hotels could become Qatar’s latest trophy assets in the British capital after it was revealed an investment firm controlled by the Qatari emir has offered to buy a stake in the hotels’ parent company, it was reported on Thursday.
The revelation was part of a legal battle between Irish developer Paddy McKillen and British businessmen Sir David and Frederick Barclay, partners in Coroin, the parent company that owns the three iconic London hotels.
McKillen alleges that the Barclay brother acquired their 64 percent in Coroin unlawfully from previous owner, Irish financier Derek Quinlan, as the company’s terms and conditions state it is compulsory for a shareholder selling their stake to offer it to an existing investor first.
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