| The gas and oil wealth of Qatar has been used to snap up another UK asset after the emirate bought the InterContinental London Park Lane hotel in a £400m deal. Constellation Hotels, part of the Qatar Holding investment vehicle that has invested in Sainsbury's and Barclays, has paid £301.5m for InterContinental Hotel Group's 57-year lease on the 447-bedroom property close to Hyde Park, the company announced on Thursday.
In a separate £100m deal it also acquired the freehold from the Crown Estate, the property company that controls the assets of the Queen...............................................Full Article: Source
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