Consortium close to deal for the Savoy

An Irish consortium, headed by former revenue inspector Derek Quinlan, is close to agreeing a deal to buy the Savoy hotel group in London from US investment firms the Blackstone group and Colony Capital.

Consortium close to deal for the Savoy

An Irish consortium, headed by former revenue inspector Derek Quinlan, is close to agreeing a deal to buy the Savoy hotel group in London from US investment firms the Blackstone group and Colony Capital.

The hotel group consists of Claridges, the Savoy, the Connaught and Berkeley hotels, which together are worth an estimated €1.14bn.

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