Deals
Qatari-Backed Maybourne Completes Montage Beverly Hills Deal
- Maybourne has three iconic London hotels in its portfolio
- Maybourne pursuing ‘global expansion’, plans more hotels
Photographer: FG/Bauer-Griffin/GC Images via Getty Images
This article is for subscribers only.
Maybourne Hotel Group, a Qatari-backed firm, bought the Montage Beverly Hills, a five-star hotel in the heart of the California city’s luxury shopping district.
Maybourne, which has the iconic London hotels of Claridge’s, the Connaught and the Berkeley in its portfolio, announced the acquisition in a statement Saturday, without disclosing financial details.