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

July 8 (Bloomberg) -- 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 m.carr@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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