MidEast investors buy top London hotel for $457m

A Middle East private investment group has agreed to buy a luxury London hotel from InterContinental Hotels Group (IHG) for $457m.

IHG said in a statement that it has agreed to sell the InterContinental London Park Lane to Constellation Hotel (Opco) UK, which is an affiliate of Middle East-based Constellation Hotels Holding Limited. 

http://www.arabianbusiness.com/mideast-investors-buy-top-london-hotel-for-457m-495845.html