Whilst gazing up at the #CHUBBYhearts installation at The Ritz last weekend, we couldn’t help but take a look at upcoming plans for the hotel and its club, The Ritz Club. Could there be another new members-club on the horizon?
According to a report in The Times in December 2017, the casino’s owners have appointed Oakvale Capital to run a formal sale process for the club on Piccadilly, after receiving approaches from the Far East. Apparently, the Barclay family, who also own the Telegraph newspaper group, are selling the Ritz Club business with a lease on the premises that runs to 2033.
The Barclay brothers are reportedly investigating a sale of The Ritz Club which could value the casino at up to £200 million.
We’ve yet to discover whether a sale is going ahead…
Image: Mayfair Curated