Harrods plans to establish a luxury hotel chain

The Qatari owner of Harrods plans to take the department store brand global by building upmarket hotels bearing its name in cities around the world, including one Chelsea Barracks in London.

Qatar Holding, part of the emirate’s sovereign wealth fund, announced it was diversifying into hospitality as part of a grand plan to make Harrods a global luxury brand.

“The target plan is to open Harrods hotels in key cities such as Kuala Lumpur, New York and Paris as well as in China,” a spokesman said.

“Preference will be given to construct on sites already owned by Qatar Holding or its affiliates, for example at Chelsea Barracks in London or Costa Smeralda in Sardinia. Qatar Holding ultimately intends to grow Harrods into a global enterprise that defines the luxury retail and leisure sectors.”

(Világgazdaság Online)