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Sidra Capital Reportedly In Talks To Purchase London's Ritz Hotel

Published on Jan 23 2020 10:14 AM in Hotel tagged: Trending Posts / ritz / Sidra Capital

Sidra Capital Reportedly In Talks To Purchase London's Ritz Hotel

Billionaire brothers David and Frederick Barclay are in talks to sell London's Ritz hotel to private investment group Sidra Capital, people associated with the discussions have said.

Price

Several parties have expressed interest in purchasing the hotel since the process of selling the property started several weeks ago, but some potential offers have reportedly failed to match the price for which the brothers are hoping to sell it.

According to The Financial Times, a person associated with a potential bidder said that the brothers are seeking offers in excess of £750 million for the hotel. People with knowledge of the matter said that it is not a certainty that the talks with Sidra Capital will lead to a deal.

© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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