Qatari Royal Refinances $485 Million Loan for Shut London Hotels
- HBJ companies tapped Citigroup to arrange 10-year mortgage
- Maybourne hotels closed in March because of the coronavirus
Photographer: Chris Ratcliffe/Bloomberg
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London’s most exclusive hotels are largely shut and banks have tightened credit, but financing is wide open for Qatar’s former prime minister.
Companies controlled by Sheikh Hamad bin Jassim Al Thani got a 10-year loan to refinance a 392 million-pound ($485 million) loan against London hotels the Connaught and the Berkeley.