Hotel, London (B.O.A.C. Investment)

HC Deb 12 February 1969 vol 777 c324W

69. Mr. Ridley

asked the President of the Board of Trade whether he has sanctioned the investment of £3 million by the British Overseas Airways Corporation in a luxury hotel at Portman Square, London.

Mr. William Rodgers

We have approved B.O.A.C. joining with others in financing this hotel. B.O.A.C.s share will be only a small proportion of the £3 million involved.