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Why no Conrad or W-A Properties in London?

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I've thought of this several times since I stop over in London quite frequently. Why is that in a premier city, such on London, Hilton doesn't have their top tier brands represented, especially since they have so many of their other brands available?

I'm pretty sure that the business elite that are used to staying at Conrads and/or Waldorf Astorias in NYC, Tokyo, Beijing, Shanghai, Honk Kong, Singapore, Rome, Berlin, Paris, and the like must wonder too? Do these folks then instead pick the Four Seasons, the W, the Ritz, the Savoy, well, you get the picture?

This is a purely speculation thread (unless someone has a definitive source for the reason ;)).

For now, I can't come up with anything, so looking for some fun and potentially educational responses!

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