Qatar adds Claridge's to hotel stable in deal with Barclay brothers - FT.com:
"Qatar has added to its collection of luxury London hotels after buying Claridge's, The Berkeley and the Connaught from Sir David and Sir Frederick Barclay, whose exit from the businesses comes after four years of legal wrangles.
Richard Faber, a spokesman for the Barclay brothers, said an agreement had been reached to “ensure an end to any litigation” over the ownership of the hotels and that the business “has been a very successful investment for us”.
The selling price was not disclosed but there were rumours at the beginning of March that the Abu Dhabi Investment Authority had offered £1.6bn, valuing the hotels at £3m per room. One source close to the deal on Thursday said that figure “might be a bit toppy”."
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