One of London's most prestigious hotels, Grosvenor House in Mayfair, could soon find itself under Bahraini ownership, according to reports in the UK.

The five-star hotel is the target of a wealthy Bahraini investor, The Telegraph newspaper said on Sunday.

It said negotiations were underway between the investor - who reportedly owns the nearby Four Seasons Hotel in Park Lane - and current owner The Royal Bank of Scotland.

The bank is reportedly considering a bid of £720 million ($1.26 billion) for the hotel, which is a popular choice among the British royal family and was built in the 1920s on the site of the former London home of the Dukes of Westminster.-TradeArabia News Service