Three luxury London hotels and the management company that runs them posted a multi-million-pound profit in 2018, following a complex restructure by their owners, the Qatari royal family.
The Qatari royal family took control of Claridge’s (pictured), the Berkeley and the Connaught, along with management company Maybourne Hotels, in a 2015 deal with Irish businessman Paddy McKillen through Constellation Hotels.
In 2017, the group refinanced and restructured, with Selene Midco Limited acquiring Maybourne Hotels, the Connaught Hotel, and the Berkeley Hotel from Coroin Limited for £338m.
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