image credit: Franz-Josef Molitor / Flickr

Ritz increases value 150 times in 50 years

January 28, 2020

If the Barclay brothers sell the Ritz Hotel for the rumoured £800m to a consortium of Saudi Arabian families it will have increased in value by 150 times in almost 50 years.

Stephen Potel, consultant at Whitebridge Hospitality, sold the hotel in 1971 for approximately £6m gross, against the anticipated world-record-breaking price this year of £6m per key.

The brothers paid £75m for the Hotel in 1995 and have since spent around £40m refurbishing. It comprises 111 rooms and 25 suites.

Read More on Hotel Management