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Lanesborough set to become world's most expensive hotel

Six bidders have been shortlisted in the sale of London's exclusive Lanesborough Hotel. The estimated bidding price exceeds £100m, with bids for £105m having been turned away. Such figures value the 95-bed property at more than £1m-a room, a feat that no hotel in the world has ever achieved. Operated by Rosewood Hotels, and owned by the Abu Dhabi Investment Authority, interested parties in the Lanesborough are rumoured to include the Hyatt group and Marriott and Bulgari, the new luxury hotel venture.

Six bidders have been shortlisted in the sale of London's exclusive Lanesborough Hotel. The estimated bidding price exceeds £100m, with bids for £105m having been turned away. Such figures value the 95-bed property at more than £1m-a room, a feat that no hotel in the world has ever achieved. Operated by Rosewood Hotels, and owned by the Abu Dhabi Investment Authority, interested parties in the Lanesborough are rumoured to include
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