Katara Hospitality acquires Grosvenor House London - The Peninsula Qatar

Katara Hospitality acquires Grosvenor House London - The Peninsula Qatar:

Katara Hospitality, Qatar Investment Authority’s hotel unit, a leading global hotel owner, developer and operator, announced the expansion of its global portfolio with the acquisition of JW Marriott Grosvenor House, a historic hotel on the famed Park Lane in London’s Mayfair district, reflecting trust in the United Kingdom’s market as part of State of Qatar £5bn investment plan.

The acquisition brings Katara Hospitality’s portfolio of properties in operation or under development to 40 and marks the company’s third acquisition in London after The Savoy, A Fairmont Managed Hotel and the Adria Boutique Hotel.

The announcement further builds on Katara Hospitality’s vision for iconic properties in strategic markets to commit significant investment over the long term. Opened in 1929 and frequented by royalty and celebrities, Grosvenor House was the first hotel in London at that time to have a separate bathroom and entrance lobby for each bedroom and running chilled water in every bathroom.