Monday, July 7, 2008

Variety in purchase

After stately homes, the Mittals are now eyeing heritage hotels of Britain. They are considering investing in the company behind upmarket country hotels including Cliveden, near Heathrow and the Royal Crescent in Bath.

The Indian-born family's interest in high-end heritage hotels is a departure from their previous pursuit of expensive private homes. They already own three properties in kensington Palace Grounds, London's most expensive street. The hotels they are said to be interested in are seeped in British history. Cliveden House, set amid 376 acres of formal gardens, parkland and an idyllic bend in the Thames , has a past going back 300 years. Several prominent persons have called it their home over the years, the most famous being Nancy Astor, the first woman MP of Britain. Queen Victoria used to drop in for a quiet cup of tea, records show. The Royal Crescent in the town of Bath in Somerset is among the world's unique buildings.

No comments: