rooms in London are set to become more expensive.
say occupancy rates in the English capital will reach 84.3%,
PwC says an additional 6,430 net new rooms could open in the capital, taking the supply to more than 136,000, but this will not soften rates.
per room is predicted to soar by an inflation-busting 4.5% a year.
London remains a magnet for overseas investment.
Abu Dhabi’s leading sovereign wealth fund is poised to
snap up three of Mayfair’s top hotels – Claridge’s, the Berkeley and the
Connaught – for £1.6bn.
The Abu Dhabi Investment Authority (ADIA) has written
to the board of Coroin, the company behind the hotels, signalling its takeover
The top hotels are controlled by the secretive Barclay
brothers while long-standing minority shareholder Paddy McKillen, who has 37%
of Coroin shares, has said he wants to buy out others shareholders and own the
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