Maybourne Group’s two shareholders have dissolved the co-ownership structure that has run London’s most valuable hotel portfolio since 2015, dividing the underlying real estate between them.
Under the agreement, Regis Maybourne (UK) Ltd becomes sole owner of the Maybourne operating company and retains the freeholds of Claridge’s, The Maybourne Riviera and The Maybourne Beverly Hills.
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Asset realignment and leadership restructure
Selene SARL, a subsidiary of Constellation Hotels Holding – ultimately owned by the Qatar Investment Authority – takes The Connaught, The Berkeley and The Emory, plus the Saint-Germain development in Paris and a project in Marrakech. Maybourne continues to manage all of them under long-term agreements.
Marc Socker remains chief executive, while Gianluca Muzzi steps back from his co-CEO role to lead Constellation. José Silva, formerly of Jumeirah and Four Seasons, was appointed chairman days earlier. The parties announced the framework in late August, but it had actually taken effect on 9 July six weeks earlier, without comment.
“The claim concerned Claridge's, The Connaught and The Berkeley. Those three now sit under two separate owners”
That gap matters, because the assets did not change hands in a vacuum. In August 2025, the London Court of International Arbitration reportedly awarded Paddy McKillen between £700 million and £800 million over a terminated consultancy agreement, implying a group valuation of roughly £4 billion to £4.25 billion.
The claim concerned three hotels: Claridge’s, The Connaught and The Berkeley. Those three now sit under two separate owners.
Legal context and operational strategy
Neither side has suggested the restructure was intended to alter that exposure, and there is nothing on the record to indicate it was. But an arbitration award is not a payment.
Enforcement requires the courts, and McKillen has pursued parallel actions in France and the United States. Asset separation changes the shape of what a claimant can reach.
For prime central London, the practical read is simpler. Constellation now owns the Knightsbridge and Mayfair triangle outright and can set its own capital timetable – historically the thing joint ventures are worst at.
Regis Maybourne owns the brand and the growth pipeline. Both sides have stopped negotiating with each other over every refurbishment budget.
