London's Ritz could be up for sale for over £800m
Add BT as a preferred source
London
THE Ritz London, one of the most prestigious hotels in the world, could be put up for sale after its businessmen owners David and Frederick Barclay received several unsolicited offers for the establishment in Piccadilly.
The directors of the hotel said last month they believed its value was more than £800 million (S$1.35 billion), given its freehold tenure, location near St James's and Buckingham Palaces, quality of the building, casino lease and brand name.
TRENDING NOW
CapitaLand Investment to restructure portfolio, recycle up to S$9 billion
Genting Singapore H1 profit falls 33.5% to S$156.1 million despite stable revenue
MSCI drops S-E Asian heavyweights Sembcorp, GoTo and Ayala Land from global benchmarks
DBS names new heads for Hong Kong, Taiwan and Indonesia markets
