David and Frederick Barclay are only interested in buying Grosvenor House, a luxury hotel operated under the JW Marriott brand next to Hyde Park in London’s Mayfair neighbourhood. Photo: AFPLondon: David and Frederick Barclay, the billionaire owners of the Daily Telegraph, bid more than £600 million ($751 million) for London’s Grosvenor House hotel, the Sunday Times reported, citing a person with knowledge of the matter that it didn’t identify. The Times said Roy must raise £1.3 billion in bail and has a deadline of Monday to deposit several hundred million pounds to the Indian regulator. The Barclay brothers are only interested in buying Grosvenor House, a luxury hotel operated under the JW Marriott brand next to Hyde Park in London’s Mayfair neighbourhood, the Times said. The talks may fail to produce a deal given the messy sales process, the newspaper cited the person as saying.Bloomberg

Source: Mint April 16, 2017 14:37 UTC