Barclay brothers buy Claridge's from Irish

They acquired Claridge's, the Connaught and Berkeley from the National Asset Management Agency (Nama), the Irish government agency created to manage the toxic property loans of its bust banks. Nama said it had recovered 100% of the original value of the loans plus interest, the BBC reports. The loans had originally been made to the Maybourne Hotel Group by two Irish banks to fund the purchase of the hotels in 2005. By buying the loans, the Barclays have now acquired the hotels. Nama took control of the bad property debt from Irish banks during the height of the financial crisis. I...