(The London Ritz, a famous luxury hotel, was sold to an investor in Qatar by the wealthy Barclay brothers / AFP via Getty Images) Mr Rees submitted that material previously disclosed to his clients... The Ritz Hotel in London, Britain, has been sold. The Ritz London Sold London’s Ritz Hotel, one of the best known hospitality ‘names’ in the world, was acquired last night by an unnamed buyer. The deal was announced shortly after it closed its doors on Friday, for the first time in 113 years in reaction to the COVID-19 outbreak. London 's world-renowned Ritz hotel has been sold to a Qatari investor for £700 million, ending more than a century of British ownership – and fuelling a family feud between its billionaire owners. The Ritz Club has been part of The Ritz Hotel, in one form or another, since the hotel’s opening in 1906. It has served as a ballroom, a bar and grill, and an entertainment venue. It was converted into a casino in 1977 and has since then become a popular spot for high roller gamblers. If the Ritz indeed ends up being sold to a new owner, the Ritz hotel sold for ‘half price’ after owners’ family bugged it and spied on him . Sian Elvin Wednesday 6 May 2020 3:41 pm. Share this article via facebook Share this article via twitter Famous London casino The Ritz Club which opened in 1998 and hosted celebrities including Al Pacino, Johnny Depp and Bill Clinton will not reopen after lockdown leaving members 'devastated' Twins David and Frederick Barclay, who also own The Telegraph newspaper and The Beaumont Hotel in Mayfair, bought the Ritz for £75m in 1995.. Now The Times reports that the brothers have appointed Richard Faber, Frederick’s former son-in-law, to advise them on a potential sale. They are understood to have recently received serious approaches in the region of £800m, equivalent to around £ Famed for its teas, London's Ritz hotel has been sold for the third time in its 114 year history, in a deal some expect was rushed under the cover of coronavirus. *****UPDATE: The Ritz London has now confirmed it has been sold to a Qatari investor – for full details click here.*****. The Ritz London on the capital’s Piccadilly has closed its doors for
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