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Evening Standard
Evening Standard
Business
Jonathan Prynn

McDonald’s franchise owner eyes up luxury hotel sites in London

Wealthy US polo playing socialite and businessman Bruce Colley, whose family has been one of the largest owners of McDonald’s franchises in the United States, is considering opening luxury hotels and restaurants in London.

The 69 year old has partnered with New Zealand financier Rayo Withanage to raise an initial $200 million with plans for further fundraising to finance their investments in the capital and elsewhere around the world over the next two years.

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