Qatari Sheikh Explores Sale of $869 Million London, Paris Hotels - Bloomberg:
The family office of former Qatari Prime Minister Sheikh Hamad bin Jassim Al Thani is considering the sale of luxury hotels in London and Paris valued at a total of about $869 million, according to people with knowledge of the matter.
Eastdil Secured LLC has been appointed to advise on the potential sale of the Hyatt Regency Paris Etoile hotel in Paris, which is owned by a company linked to the sheikh and valued at about 500 million euros ($557 million), said two of the people, who asked not to be identified because the plans are private.
Broker Jones Lang LaSalle has been hired to evaluate the potential sale of the Sanderson and St Martins Lane hotels in London, valued at a combined 250 million pounds ($312 million) and owned by another company under the sheikh’s control, two other people said. A handful of investors have been approached by JLL regarding the London hotels, but there’s no certainty that a deal will take place, the people said.
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