Abdulhadi Mana Al-Hajri, a Qatari businessman, completed the acquisition of The Ritz London, a luxury hotel in the UK, from private investors David Barclay and Frederick Barclay, for $1bn. “It is a privilege to become the owner of the iconic Ritz Hotel and have the opportunity to build on its innate style and grand traditions. During this Covid-19 crisis, our first priority is towards the staff of The Ritz, who together are the essence of The Ritz’s 115 year old reputation. Once this pandemic has passed, we look forward to re-opening the hotel and to sharing our longer-term plans,” Investors' spokesperson.