Gulf Arabs buying London's trendiest hotels

[Bengal_Tiger]

Trendiest London hotels to be bought by Middle Eastern investors
Three of London's trendiest hotels, the Sanderson, St Martins Lane and the newest, the W Hotel are set to be taken over by Middle Eastern investors, according to a report in The Times.

The luxury 192-room W hotel in Leicester Square, which only opened in February, is already a popular celebrity hang-out.

Situated on the site of the former Swiss Centre, it was put up for sale shortly before it opened by Irish property developer McAleer & Rushe. It is believed to be on the market for £200m.

It is understood that a Qatari investment house is seeking to buy the hotel. Qatar's ruling Al Thani family has already invested heavily in British property including Harrods.

A second Middle Eastern investor is believed to have offered a total of £195m for both the 150-room Sanderson Hotel and the 204-room St Martins Lane, which were put up for sale in April



http://www.travelmole.com/stories/1149293.php

[Bengal_Tiger]

Qataris close to buying London's W Hotel

• | Thu Sep 8, 2011 9:14am EDT

LONDON (Reuters) - A Qatari sovereign wealth fund is close to buying the W Hotel in central London tourist destination Leicester Square for almost 200 million pounds, a source close to the sale told Reuters on Thursday.
The 10-storey property opened in February this year and has 192 rooms, a Michelin-starred restaurant, a 35,000 square foot M&M's store and 11 apartments.
It was put up for sale in January by property broker Jones Lang LaSalle (JLL.N) for Northern Irish developer McAleer & Rushe.
Qatar, the world's largest exporter of liquefied natural gas, has snapped up a number of British assets in recent years, ranging from luxury department store Harrods to stakes in grocer J Sainsbury (SBRY.L) and the Olympic athlete's village in east London.

News of the deal was first reported by the Times newspaper.


http://www.reuters.com/article/2011/...78703S20110908



Qataris have bought Harrods, and other key places and are getting ready for the London Olympics 2012 bonanza.

[gadoonwal]

qatar is working for westren inerests .
Its policies are anti-muslims.