How the QIA Deal for Claridge’s Hotel Group Came Together

May 12, 2015 by Loch Adamson

How Colony Capital’s Tom Barrack Masterminded #Qatar’s purchase of Claridge’s #privateequity #hotels
#Qatar’s purchase of Maybourne #Hotels was five years in the making
Read the underlying saga of #Qatar’s purchase of London’s most storied #hotels
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An unusual press release sheds light on the strategies of the reclusive Qatar Investment Authority — and real estate magnate Tom Barrack’s role as facilitator-in-chief. Two weeks ago, a press release from Colony Capital, the Los Angeles-based real estate firm run by Thomas Barrack, ended one of the highest profile and most acrimonious property battles of recent times. Colony announced that Constellation Hotels Holding, an arm of the Qatar Investment Authority (QIA), had bought Irish investor Paddy McKillen’s 36 percent stake of the Maybourne Hotels Group, handing control to the sovereign wealth fund. The deal represents the denouement of an epic struggle for control of three of London's most storied hotels — Claridge’s, the Berkeley, and the Connaught — that has pitted the brothers David and Frederick Barclay, billionaire owners of the Telegraph Media Group and the Ritz Hotel in London, against McKillen and Derek Quinlan, a former…

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