Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Qatari investor buys London's Ritz Hotel

by French Press Agency - AFP

LONDON Mar 30, 2020 - 4:42 pm GMT+3
People walk past The Ritz hotel in central London, Dec.17, 2012.  (AFP Photo)
People walk past The Ritz hotel in central London, Dec.17, 2012. (AFP Photo)
by French Press Agency - AFP Mar 30, 2020 4:42 pm

Luxury London hotel The Ritz, currently shut due to the coronavirus pandemic, has been sold to a Qatari buyer for just under $1 billion, lawyers overseeing the deal have confirmed,

"It is a privilege to become the owner of the iconic Ritz Hotel and have the opportunity to build on its innate style and grand traditions," the unnamed buyer said a statement issued by law firm Macfarlanes.

"During this COVID-19 crisis, our first priority is towards the staff of The Ritz, who together are the essence of The Ritz's 115-year-old reputation," the statement said. "Once this pandemic has passed, we look forward to reopening the hotel and to sharing our longer-term plans."

The hotel had been owned by billionaire brothers Frederick and David Barclay since 1995.

The 18th-century hotel overlooks Green Park in central London close to Buckingham Palace, home to Queen Elizabeth II.

The plush hotel boasts 136 rooms, ranging from 650 British pounds ($794) per night for the cheapest room to more than 6,000 British pounds for the most expensive suite.

The landmark hotel closed its doors to guests earlier this month for the first time since it opened in 1906.

  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    hospitality qatar ritz hotel london
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Mayan pyramid and ruins in the famous Tikal National Park, Guatemala. (Getty Images Photo)

    Scientists discover 417 Mayan cities in Guatemala's forested area

    mayan-city
    Two men rest on the stairs of CHP headquarters as televisions broadcast election results, in the capital Ankara, Türkiye, May 28, 2023. (AFP Photo)

    Turkish opposition quiet amid crushed dream of Erdoğan defeat

    TÜRKIYE-ELECTIONS

    Far-right Wilders tells Turks to 'pack bags' for voting for Erdoğan

    geert-wilders

    Erdoğan, el-Sissi agree to reappoint Turkish, Egyptian envoys

    TÜRKIYE-EGYPT-RELATIONS
    No Image
    10 weeks of Ukraine, documented by Vadim Ghirda
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021