QIA PUR­CHASES ICONIC LON­DON HO­TEL

Qatar Today - - AFFAIRS > LOCAL -

The Qatar In­vest­ment Author­ity now owns ma­jor­ity shares in the pres­ti­gious Clar­idge's, in­clud­ing sis­ter prop­er­ties af­ter win­ning a bid that drew sev­eral in­ter­ested par­ties, in­clud­ing the Abu Dhabi In­vest­ment Author­ity. No dis­clo­sure was made about how much QIA's Con­stel­la­tion Ho­tels paid for the prop­erty which has been mired in a legal battle for the past four years. Clar­idge's is the epit­ome of Lon­don luxury that has housed kings, queens, dig­ni­taries and celebri­ties and is of­ten re­ferred to as the “an­nexe to Buck­ing­ham Palace”.

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