Billionaire Sheikh Hamad bin Jassim Al Thani Sells British Hotels To Amir Dayan For $333 Million

This article was published on: 12/22/19 11:06 AM

Sheikh Hamad bin Jassim Al Thani

Qatari Billionaire Sheikh Hamad bin Jassim Al Thani, the former Prime Minister, is selling off two London hotels for $333 million.

According to a report by Bloomberg, Sheik Hamad’s family office will be selling the Sanderson and St. Matins Lane hotels to Vivion Investments, a Luxembourg-based real estate investment firm owned by Israeli magnate Amir Dayan and his family.

In 2011, Sheikh Hamad reportedly purchased the hotels for an estimated $250 million, meaning that the billionaire Sheikh is set to pocket an $83 million profit before taxes if the deal goes through.

On Friday, Vivion published a statement on its website confirming that it has agreed to acquire two hotels.

“Vivion has agreed to purchase two hotel assets in a prime London location for a total consideration of 255 million pounds,” the company said in a press release on its website Friday.

Sheikh Hamad bin Jassim Al Thani, 67, is a member of Qatar’s ruling Al Thani royal family. From 1995 to 2013 he was the ruling Emir of Qatar. He is now referred to in Qatari government circles as His Highness the Father Emir. British tabloids have named him “the man who bought London”.

Through his various investment vehicles, the Qatari Billionaire Sheikh Hamad is a major property investor in the United Kingdom. His holdings include Harrods, the Shard and the InterContinental London Park Lane among other properties.

Israeli property tycoon Amir Dayan has been on an aggressive acquisition spree over the last couple of years. Earlier in February, he was reportedly among buyers of a portfolio of U.K. hotels leased to Hilton Worldwide. Vivion Investments, Dayan’s investment outfit, acquired the group of nine hotels, which entered bankruptcy protection under U.K. insolvency laws starting in early 2018, for $315 million. Last year, he acquired a 22.5% stake in Germany’s TLG Immobilien for a reported $621 million.

Billionaire Sheikh Hamad bin Jassim Al Thani, the former Prime Minister of Qatar, is selling off two London hotels for $333 million.

According to a report by Bloomberg, Sheik Hamad’s family office will be selling the Sanderson and St. Matins Lane hotels to Vivion Investments, a Luxembourg-based real estate investment firm owned by Israeli magnate Amir Dayan and his family.

In 2011, Sheikh Hamad reportedly purchased the hotels for an estimated $250 million, meaning that the billionaire Sheikh is set to pocket an $83 million profit before taxes if the deal goes through.

On Friday, Vivion published a statement on its website confirming that it has agreed to acquire two hotels.

“Vivion has agreed to purchase two hotel assets in a prime London location for a total consideration of 255 million pounds,” the company said in a press release on its website Friday.

Sheikh Hamad bin Jassim Al Thani, 67, is a member of Qatar’s ruling Al Thani royal family. From 1995 to 2013 he was the ruling Emir of Qatar. He is now referred to in Qatari government circles as His Highness the Father Emir. British tabloids have named him “the man who bought London”.

Through his various investment vehicles, the Sheikh is a major property investor in the United Kingdom. His holdings include Harrods, the Shard and the InterContinental London Park Lane among other properties.

Israeli property tycoon Amir Dayan has been on an aggressive acquisition spree over the last couple of years. Earlier in February, he was reportedly among buyers of a portfolio of U.K. hotels leased to Hilton Worldwide. Vivion Investments, Dayan’s investment outfit, acquired the group of nine hotels, which entered bankruptcy protection under U.K. insolvency laws starting in early 2018, for $315 million. Last year, he acquired a 22.5% stake in Germany’s TLG Immobilien for a reported $621 million.

 

 

 

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