LONDON: A Qatari sovereign wealth fund is close to buying the W Hotel in central London tourist destination Leicester Square for almost £200m ($318m), a source close to the sale said. The 10-storey property opened in February this year and has 192 rooms, a Michelin-starred restaurant, a 35,000 square foot M&M’s store and 11 apartments. It was put up for sale in January by property broker Jones Lang LaSalle for Northern Irish developer McAleer & Rushe. The Peninsula

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