800 milion euros for Ritz London


    The owners of the Ritz London hotel are reportedly mulling the sale of the historic property in Piccadilly, having received offers in the range of £800m.

    This equates to around £6.1m per bedroom, and according to The Times, David and Frederick Barclay, who purchased the hotel for £80m in October 1995, have appointed Richard Faber, Frederick’s former son-in-law, to advise on the sale of the hotel.

    The company saw its revenues increase by £1m to £47.1m in the year to 31 December 2018, which it said is the highest level in its history. It also achieved an increased operating profit of £15m during the period, up from £14.5m the previous year.

    The Barclay twins originally purchased the hotel for £80m in October 1995.

    The hotel was opened by Swiss hotelier César Ritz in May 1906.


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