Qatar in Talks to Buy Luxury Apartments in London’s Park Lane

The Qatar Investment Authority is in talks to buy the luxurious Grosvenor House Suites apartment-hotel on London’s Park Lane at a knock-down price after the pandemic shut down the city’s tourism industry.

The sovereign wealth fund has offered about 330 million pounds ($425 million) for the building overlooking Hyde Park, but has yet to finalize terms, said people familiar with the matter, asking not to be identified because the talks are private. That’s about 18% beneath the asking price that its consortium of Kuwaiti owners sought in an attempted 2018 sale, Bloomberg reported at the time.

Grosvenor House Suites

Source: Google

The property, which ...