Saudis bid for London’s Grosvenor House Hotel
A consortium of Saudi and UK family wealth funds has launched a bid for one of London’s best-known hotels.
They have offered $1.3 billion for the Grosvenor House Hotel on Park Lane plus majority stakes in New York’s Plaza and Dream Downtown hotels from India’s Sahara India Pariwar group.
A report in the FT suggested UK-based 3 Associates had been planning an offer for some time, but accelerated the bid after currency movements post the EU referendum benefited dollar-linked investors.
Earlier this year 3 Associates bought 1 Pall Mall East in central London for £85 million with Saudi Arabia’s Bin Mahfouz family.
The offer for the Grosvenor House might spark a bidding war, according to the Financial Times, which reported that Sahara is also in talks with Qatari investors over a potential sale.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Qatar Airways offers reduced timetable to over 60 destinations
Hands In, UATP join forces for airline multi-card payments
AirlineRatings reveals world's safest airline rankings for 2026
Vietnam warns airlines of possible flight reductions amid jet fuel shortages
Fliggy opens AI-powered travel bookings and developer tools