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London Ritz’s Sale Fetches Less Than 800 Million Pounds

  • Agreement reached despite virus outbreak that has hit hotels
  • Deal fuels family spat involving billionaire Barclay brothers
Ritz Hotel Gets Bids of Over $1.3 Billion

Photographer: Simon Dawson/Bloomberg

Updated on

The sale of London’s Ritz Hotel by the U.K.’s billionaire Barclay twins fetched less than 800 million pounds ($997 million), according to a person familiar with the matter who asked not to be identified.

Law firm Macfarlanes said in a statement that it advised one of its private Qatari investor clients on the acquisition of the hotel that opened in London’s Mayfair in 1906.