London’s Ritz Sold to Wife of Former Qatari Emir, Mail Reports - Bloomberg

London’s Ritz Sold to Wife of Former Qatari Emir, Mail Reports - Bloomberg:

A wife of the former Emir of Qatar bought London’s Ritz Hotel, Britain’s Mail on Sunday newspaper reported, citing industry insiders without naming them.

The hotel was acquired by a money manager acting for Sheikha Moza bint Nasser, consort to Hamad bin Khalifa al-Thani, according to the report. Qatar’s royal al-Thani family own more than 100 luxury hotels worldwide through various investment entities, the newspaper said. 

The Qataris are paying around 700 million pounds ($859 million) for the Ritz and an adjoining building, according to the report.

Qatar’s Government Communications Office didn’t immediately respond to an email requesting comment on the report

Billionaire twins

David and Frederick Barclay sold the Ritz, which occupies a prime frontage in London’s St James’ district, earlier this year for less than 800 million pounds, Bloomberg reported last month.