Qatari Sheikh Cashes In With $333 Million London Hotel Sales - Bloomberg:
The family office of former Qatari Prime Minister Sheikh Hamad bin Jassim Al Thani has agreed to sell two London hotels for 255 million pounds ($333 million) to Vivion Investments, according to people with knowledge of the deal.
Vivion, a Luxembourg-based real estate firm backed by the family of Israeli tycoon Amir Dayan, is buying the Sanderson and St. Martins Lane hotels, said the people, who asked not to be identified because they’re not authorized to speak publicly. Sheikh Hamad acquired the hotels about eight years ago for 192 million pounds, the Times reported at the time.
“Vivion has agreed to purchase two hotel assets in a prime London location for a total consideration of 255 million pounds,” the company said in a statement on its website Friday, without naming the properties or the vendor. A representative of the company declined to comment further.
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