LONDON - The owners of London’s Ritz hotel, a haven for royals, statesmen and movie stars, have hinted that they would be open to selling the luxury establishment for $1 billion, a source close to them said on Thursday.
The Ritz has been owned since 1995 by David and Frederick Barclay, twins who also own the Daily Telegraph newspaper. The pair usually decline interviews and give little away in public about their business strategy. The directors said in the accounts that the valuation reflected the hotel’s freehold tenure, its prime location on the busy Piccadilly thoroughfare near Buckingham Palace, the quality of the building, the casino lease and the brand name.
“However, given it will be classed as a ‘trophy asset’, buyers might not be put off by a financial performance that doesn’t reflect the sale price,” said Olliff, who is a legal director at law firm Ashfords’ real estate team.
I waña bye it👆
just a little shy, need some others to chip in.
BorisJohnson A little extravagant, but I'm sure we will need it in London for people coming over--- Tell them -The Trust will look into so hold it---
Another London chicken for Qatar.
Isn't it currently owned by the cunts who are paying Boris Johnson to force through a damaging Brexit?
Chicken change for JeffBezos 🤷🏼♂️
Do NOT let the Trump family anywhere near this.
Here’s where you can put all your Russian rubles realDonaldTrump
Trump will buy it with Putin loans
I’ll take it for $990 million, and not a cent more!
Stayed there 1 night on our honeymoon.
Love those little crackers.
Call realDonaldTrump
Wonder if Trump will make a bid for it? That Greenland deal fell through.
That seems very expensive
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Are they leaving the carpets?
It takes 31years, 251days, 7 hours, 46minutes and 46 seconds to count 1billion dollars. Who ever is buying this hotel better get a move on.
Another landmark for The Sultan of Brunei to add to his collection
Are Russian Oligarchs, or Saudi Royal Family members permitted to buy it? If so, then it's already sold.
It’s very difficult to maintain or restore this kind of hotel
realDonaldTrump to resign Sunday, then buy it with cash on Wednesday?
That means it's so profitable that it's worth ($1B) . It gets wondering for the reason to sell it ?! Maybe strapped for CASH .. perhaps !
I'll take two please.
A little overpriced since the next crash is not too far away!