Katara Hospitality takes 50% stake in the Savoy Hotel

03 November 2014 by
Katara Hospitality takes 50% stake in the Savoy Hotel

Katara Hospitality has taken a 50% stake in the Savoy hotel for an undisclosed price.

The Qatari government controlled fund follows a refinancing of the hotel's debt by a syndicate led by Deutsche Bank, which inherited an investment after a takeover of the Bank of Scotland in 2008.

According to The Times it has some the stake to Katara in tandem with Fairmont Raffles Hotels International, which operates the Savoy under a long-term management contract.

Fairmont Raffles also has Qatari connections, being half owned by Saudi billionaire Prince Alwaleed bin Talal who has ties with the ruling al-Thani family of Qatar.

Katara has investments in hotels including Raffles in Singapore, the Carlton in Cannes, the Amstel in Amsterdam and Le Royal Monceau in Paris.

TagsFinance and Hotels
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking