The Ritz London sold to Qatari Investor

Miles Hurley Miles Hurley Uploaded 02 April 2020

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UK: The famous Ritz London in has been sold to an anonymous Qatari investor for an undisclosed sum.

This follows news that the iconic hotel shut its doors for the first time since 1906.

The iconic property was designed in the early 20th century and opened by famous swiss hotelier Cesar Ritz. It had been owned by the Barclay brothers since the mid 90s, who had been in recent talks to sell the property to a pair of Saudi investors.  

The hotel had famously stayed open across the two world wars, having hosted secret meetings for Prime Minister David Lloyd George during wartime years. 

However, with government advice that hotels close, the Ritz joins many London hotels by shutting their doors. Other notable closures include Dukes and the Devonshire Club.

The Ritz confirmed that its staff would continue receiving their salaries for the time being. The new owner, who remained anonymous, said in a statement: “As soon as it is safe, the new ownership together with the hotel’s team look forward to reopening the revolving door, and to the next chapter of Piccadilly’s iconic Grande Dame hotel.”

According to the Times, however, the sale has continued a feud between the Barclay brothers. In a statement from Frederick Barclay, he noted that he had not consulted on or approved the sale and threatened legal action.  

Previous flare ups in the family drama included secret recordings held in the conservatory of the Ritz. The family’s assets are worth billions.

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