Afternoon tea at the Palm Court, pictured here, is legendary. Owners of The Ritz London have started the process of selling the landmark hotel. The deal could fetch as much as $1 billion. The Ritz London
Skift Take: London’s super-prime hotels don’t go on the market very often. The Ritz London could be the next one as its owners hire a team to pursue a deal. Only a small group of wealthy investors will get a chance to bid on it, but luxury hotel groups could swoop in to nab the storied hotel.
