The Savoy hotel in London saw sales and profits plummet last year by almost 3% to £58.5m.Operating profits also fell by a quarter to £6.1m according to the company results covering the year to last December, as reported by the Sunday Times.Katara Hospitality purchased 50% of the Savoy from Lloyds Banking Group earlier this month.The hotel originally opened on the Strand in 1889 as London's original luxury accommodation provider.