The five-star London hotel reported a turnover of £119.3m for the financial year, up from the £98.1m it achieved in 2022. The hotel’s pre-tax profit also jumped from £2.2m to £7.2m.

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 ...