Qatar buys luxury London hotel for £400m
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Qatar buys luxury London hotel for £400m

Qatar buys luxury London hotel for £400m

Qatari-backed investor Constellation Hotels has bought the InterContinental London Park Lane hotel, in a deal worth about £400m, Reuters has reported, citing a source close to the transaction. Constellation paid £301.5m for InterContinental Hotel Group's 57-year lease on the 447-bedroom property close to Hyde Park, IHG said.

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