Trendiest London hotels to be bought by Middle Eastern investors
Three of London's trendiest hotels, the Sanderson, St Martins Lane and the newest, the W Hotel are set to be taken over by Middle Eastern investors, according to a report in The Times.
The luxury 192-room W hotel in Leicester Square, which only opened in February, is already a popular celebrity hang-out.
Situated on the site of the former Swiss Centre, it was put up for sale shortly before it opened by Irish property developer McAleer & Rushe. It is believed to be on the market for £200m.
It is understood that a Qatari investment house is seeking to buy the hotel. Qatar's ruling Al Thani family has already invested heavily in British property including Harrods.
A second Middle Eastern investor is believed to have offered a total of £195m for both the 150-room Sanderson Hotel and the 204-room St Martins Lane, which were put up for sale in April
By Linsey McNeill
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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