Location: London, Piccadilly and Paris,
Names: The Ritz (London) and The Ritz (Paris) – Not Related
No. of Keys: London: 111 rooms and 25 suites; Paris: 142 rooms and suites (71 of each)
The Properties: Two unique hotels, once both owned by Swiss hotelier Cesar Ritz…now owned by The Barclay Brothers (London), owners of several things, including the Daily Telegraph newspaper, Sark in the Channel Isalnds, Ellerman Investments and Mohamed Al-Fayed (Paris), once famous owner of Harrods in London and Fulham football club, bought the hotel in 1979.
London includes the hotel, tea-room, restaurants, bar and a casino, and was opened in 1906 by Cesar Ritz…and was recently owned by the Bracewell Smith family, who built the Park Lane Hotel (now Sheraton/Marriott) in 1920, who sold the Ritz to Trafalgar House (Cunard) in 1976 for £2.76m. Sir Guy Bracewell Smith was also Chairman of Arsenal Football Club until 1962.
Trafalgar House sold The Ritz to the Barclay Brothers for £75m in 1995, via a boutique hotel agent, Tony Brett. The rumoured asking price today is £800m.
In 2018 the turnover was £47m, EBITDA of £15m.
The Ritz Paris, founded by Cesar Ritz in 1898 with chef Auguste Escoffier. The hotel was bought in 1979 by Mohamed Al-Fayed for US$20m. He then spent $250m over 10 years for renovation…In 2012 the hotel was treated to a further €400m refurb.
We could go on for hours as to the virtues and excellence of both hotels….
Main Photo: The suite bedroom at The Ritz London
Tenure: Freehold, we believe at both
Brand/Management: We guess both will be flag and management free on sale
Current Owner: As above…The Barclay brothers and the Al-Fayed family
Agent: None as yet
First Heard: Reuters and emails sent to THPT
Guide Price: Rumoured: London £800m; Paris €1.3bn
Date Posted: October 2019
THPT Comment: A rare opportunity to acquire these two delightful and iconic trophy-asset hotels. Who knows if the rumours are true, but it sounds logical. If you are brave enough contact THPT and we will prove one way or the other!
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This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.