Talks about Selling Ritz Hotel in London to Saudi Investors

The billionaire Barclay brothers are in talks to sell the Ritz Hotel in London to a private investment group that represents wealthy Saudi Arabian families, people close to the discussions said.

David and Frederick Barclay are reviewing interest from Jeddah-based Sidra Capital which may lead to one of London’s most coveted properties changing hands for the first time in 25 years.https://music-art-and-culture.com/

The process to sell the hotel has been underway for several weeks and a handful of parties have expressed interest. But some of these potential offers have fallen short of the price that the brothers hope to fetch in a sale of the hotel, one person added.