Qatar fund eyes Savoy stake, Grosvenor House Hotel

06/17/2010 | Bloomberg

The Qatar Investment Authority reportedly is making moves to stake claims in two of London's most prominent hotels. The fund, considered one of the world's best endowed sovereign-wealth funds, is among the final bidders in an auction for the Grosvenor House Hotel, and it is in talks to buy a one-third stake in the Savoy Hotel, which is currently being restored.

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