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Qatari investor set to buy two London hotels

A Qatari investor is set to buy two of London's leading hotels, the Sanderson and St Martins Lane. Morgans Hotel Group Co (MHG), the operator and 50% owner of the London joint venture that owns the two upscale properties, has entered into a definitive agreement with the unnamed 'investor with other global hotel holdings' to sell the 150-bedroom Sanderson and 204-bedroom St Martins Lane for £192m.