Hotel Transactions 2011 – London
Date
Property / Properties
Total
bedrooms
Total sale price Purchaser
Vendor
March
Cadogan Hotel
65
£15.4m
Cadogan Estate
Trinity Hotel Investors
April
Royal Park Hotel
48
Undisclosed
Bird Hospitality Services (BHS) — the
hotel will be operated by Interstate
Hotels and Resorts
Harte Property & Investment/
Franklyn Hotels and Resorts
May
Aerodrome Hotel, Croydon
109
£6.5m
Hallmark Hotels
Administrators of Mainwalk Ltd
(
PricewaterhouseCoopers)
August
Great Northern Hotel, King’s Cross
94
£12m for the
999-
year
ground lease
Pramerica
King’s Cross Central – Robson
Asset Management (RAM) retains
the 125-year hotel lease
October
The Hesperia London Victoria
212
£55m
Crimson Hotels — the hotel will be
operated as a DoubleTree by Hilton
Hesperia Hotels
October
IBIS London City
348
£38.35m
AXA Real Estate on behalf of the Co-
operative Insurance Society
Mangrove Securities
October
Ramada London Heathrow
200
Undisclosed Focus Hotels
Administrators of Ramada Jarvis
(
Grant Thornton)
November W Hotel development, Leicester Square
192
£200m
Qatari-based Al Faisal Holding
McAleer & Rushe
November Malmaison hotel in Charterhouse Square 97
£31.5m
Westinvest Gesellschaft Für
Investmentfods MBH — sale and
leaseback
MWB Group Holdings
November Sanderson and St Martins Lane Hotels
2
hotels
(354
rooms)
£192m
Capital Hill Hotels
Morgans Hotel Group/
Walton Street
November Plaza Hotel, Wembley
306
£15m
Sojourn Hotel Group
Quintain Estates and
Development
November Radisson Edwardian New Providence Wharf 169
£37.5m
Jasminder Singh (Edwardian Group)
The Ballymore Group
December
Hotel Verta
70
Undisclosed
Woodlon — the hotel will be managed
by Rhombus International Hotels Group
Administrators of Hotel Verta and
Verta Properties (Ernst & Young)
December
Atelier EC1
24
serviced
apartments
£11.5m
Mara International
Administrators of Summerpark
Homes (Baker Tilly)
December
The Cromwell Hotel
85
£20m
Unnamed buyer
The Lords Group
Increase in the number
of hotel viewings arranged by
Christie + Co in 2011 compared
with the previous year
Increase in the number of
offers received for hotel
businesses in 2011 compared
with the previous year
21.5%
32.8%
19
