The Qatar Investment Authority has acquired Grosvenor House Hotel in London’s Mayfair from private US investor Ashkenazy Acquisition Corp.
An off-market has been agreed for the second sale of Grosvenor House in little over a year after Ashkenazy acquired the 1920s-built hotel last July from Subrata Roy’s Sahara Group.
Sahara Grosvenor House Hospitality bought Grosvenor House - operated by Marriott International - in 2010 for £470m. The price of the two subsequent sales has been undisclosed, with Ashkenazy making its acquisition as part of a $2.3bn portfolio buy of “global iconic assets”.
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