The latest figure comes after The Ritz posted a loss of £16.5m for 2022, £32m for 2021 and £27.3m in 2020. The last time the hotel reported a pre-tax profit was the £2.4m it achieved in 2019.

The Ritz Hotel in London has been sold to a private Qatari investor for £800m ($997m) — significantly less than the £1bn price tag the owners had wanted for the luxury venue. Sir Frederick and ...

Bloomberg has discovered that billionaire owners, the Barclay brothers, have initiated arrangements to sell London's landmark Ritz hotel. According to individuals familiar with the sales process, who ...

Luxury London hotel The Ritz, currently shut owing to the coronavirus outbreak, has been sold to a Qatari buyer, lawyers overseeing the deal have confirmed, for reportedly just under $1.0 billion.

The billionaire co-owner of the Ritz in London, Frederick Barclay, said suitors have submitted “a number of competing offers” in excess of one billion pounds ($1.3 billion) for the hotel, the ...

The Ritz is no ordinary five-star hotel. Known the world over as one of the most prestigious places to stay when in London, putting on the Ritz has led to the word itself, ritzy, entering the ...

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.

British billionaire twins at war over London’s Ritz hotel and family’s fortune . May 25, 2020 at 5:00 pm Updated May 25, 2020 at 10:02 pm . By . Jonathan Browning, Ellen Milligan.