Qatari investor plans to acquire London hotels

12 October 2011: The Qatari investor plans to buy two of London's leading hotels, the Sanderson and St Martins Lane. Morgans Hotel Group Co (MHG), the operator and 50 percent owner of the London joint venture that owns the two upscale properties, has entered into a definitive agreement with the unnamed 'investor with other global hotel holdings' to sell the 150-bedroom Sanderson and 204-bedroom St Martins Lane for £192m.

Source:Ameinfo