Serrano May Buy London’s Admiralty Arch for Hotel, Times Says

Rafael Serrano, the Spanish entrepreneur, bid more than 60 million pounds ($93 million) to turn London’s Admiralty Arch down The Mall from Buckingham Palace into a hotel, the Sunday Times reported, without saying how it obtained the information.

To contact the reporter on this story: Mathew Carr in London at

To contact the editor responsible for this story: Lars Paulsson at

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