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- November 1, 2011: Vol. 5, Number 10

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Al Faisal Invests in London Hotel for £200 Million

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Al Faisal Holding Co, one of Qatar’s largest private diversified industry groups, through its subsidiary Al Rayan Tourism & Investment Co, has acquired the 192-room W London Hotel in London’s Leicester Square for approximately £200 million (€234 million) from Northern Irish developer McAleer & Rushe.

“We are delighted to have acquired this iconic landmark London development,” says Sheikh Faisal Bin Qassim Al Thani, chairman of Al Faisal Holding. “Given its one-of-a-kind architectural quality, attractive setting and the strength of the international covenants of Starwood Hotels & Resorts Worldwide and Mars Retail Group, the addition of th

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