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According to Reuters, the purchase was agreed on Tuesday without revealing the purchase price
Qatar has agreed to buy Grosvenor House, one of London's most popular hotels, an unidentified source said according to Reuters.
The acquisition of the hotel, located at Park Lane in front of Hyde Park in Mayfair, London, was agreed on Tuesday with former owner of US investment firm Ashkenazi Equity, and the purchase price has not been revealed, the source said.
Ashkenazi has not responded to a request for comment, any more than Qatar Investment Authority (QIA), the Qatari sovereign fund that buys the hotel through its Katara hospitality unit. , has responded to a request for comment.
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