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Travel The Iconic Ritz London Could Sell For A Cool US$1 Billion

The Iconic Ritz London Could Sell For A Cool US$1 Billion

The Iconic Ritz London Could Sell For A Cool US$1 Billion
By Coco Marett
By Coco Marett
October 14, 2019
To sell or not to sell? That is the question currently facing the billionaire brothers who own The Ritz London after they've received serious offers for the establishment

Several substantial—albeit unsolicited—offers have been made recently for one of the world's most prestigious hotels, The Ritz London. 

The current owners of The Ritz London are billionaire twin brothers, David and Frederick Barclay, who also own The Telegraph newspaper and The Beaumont in Mayfair.

The pair bought The Ritz in 1995 for £75 million, and have received serious recent offers upwards of £800 million (approximately HK$7.9 billion) for the iconic Piccadilly property—a pretty price tag that would equate to the hotel's 136 glamorous guest rooms selling for £5.8 million each.

Needless to say, the Barclay brothers are tempted by the offers. But how easy will it be to let go of such an iconic establishment, and one that boasts such a rich history?

See also: 5 Luxury London Hotel Openings In 2019

Palm Court at The Ritz London is known for serving the city's finest afternoon tea (Photo: Courtesy of The Ritz London)
Palm Court at The Ritz London is known for serving the city's finest afternoon tea (Photo: Courtesy of The Ritz London)

The Ritz London has welcomed some of the world's most high profile visitors including members of the royal family. In 2002, HM Queen Elizabeth II hosted a party in The Ritz Restaurant  as a ‘thank you’ to her close family and friends for the success of her Jubilee year.

A year later, Sir Roger Moore stayed at The Ritz when he was knighted in 2003—he checked in a mister, and left a Sir.

Other celebrity guests who have made The Ritz London their home away from home include Charlie Chaplin, Paul Getty, Winston Churchill and President Eisenhower to name a few. 

Watch this space. 

See also: 3 Ways You Can Experience Downton Abbey In Real Life

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Travel the ritz london london hotel luxury hotels

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