Harrods to launch a luxury hotel chain

Thursday, 5 July 2012 9:51 AM

The company that owns Harrods have announced plans to expand the brand into the travel market – by creating a Harrods luxury hotel chain.

Qatar Holding purchased the iconic London department store from Mohammed Al Fayed for 1.5bn in 2010.

According to reports, the Harrods hotels could be built in global cities like Kuala Lumpur, New York and Paris.

However, a spokesman for Qatar Holding commented: “Preference will be given to construct on sites already owned by Qatar Holding or its affiliates, for example at Chelsea Barracks in London or Costa Smeralda in Sardinia.

“Qatar Holding ultimately intends to grow Harrods into a global enterprise that defines the luxury retail and leisure sectors."

Qatar Holding also owns 26 per cent of J Sainsbury, 28 per cent of Canary Wharf's owner, Song Bird Estates, and sizeable chunks of Barclays and the London Stock Exchange. 

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