Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Qataris now have total control of Maybourne

29 April 2015 by
Qataris now have total control of Maybourne

Just days after Qatari investors bought a 63.8% stake in the Maybourne Hotel Group, they have gone on to buy the remaining share in the company from Northern Irish property investor Paddy McKillen.

The proportion of the company sold last week to Costellation included a 28% share owned by Sir David and Sir Frederick Barclay and a 35.8% stake held by Derek Quinlan, one of the founding shareholders. A four year legal battle centred on the control of the group has now come to an end.

According to an agreement between McKillen and Constellation, McKillen will continue "to lead, direct and develop these assets".

Last year, Constellation paid £301.5 million for the 447-room InterContinental London Park Lane hotel.

Qataris buy majority stake in Maybourne Hotel Group >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking