Katara Hospitality buys Grosvenor House hotel in London Mayfair District...

Katara Hospitality is expanding its global portfolio with the acquisition of JW Marriott Grosvenor House, a historic hotel on the famed Park Lane in London's Mayfair district, reflecting trust in the UK market as part of Qatar’s £5bn investment plan.

Katara Hospitality’s vision is to build a portfolio of leading hotels in key destinations around the world. Grosvenor House is the ideal opportunity to expand the company’s footprint into the vibrant and exciting London market.

Katara Hospitality is Qatar Investment Authority's hotel unit and a leading global hotel owner, developer and operator.

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Director Mark Murphy from QWP REAL ESTATE commented '' This investment purchase just shows how strong the Qatari investors see the UK as a safe and secure place to invest.''