The owners of a famous London hotel have put their freehold interest up for sale for around £200 million. The hotel close to and overlooking Hyde Park is a prime London property in a much sought after area popular with tourists and business travellers.
« Although the hotel has seen substantial investment over the past two or three years and is enjoying strong occupancy levels, a great deal could be done to improve revenue performance and investment return” said Alex Hayward of Debutesq Group.
There are various reconfiguration opportunities which could enhance the property.
The Demand is strong for London hotels with occupancy rates increasing month on month and investor sentiment at its highest since the beginning of the global financial crisis. And London was the most invested in city in the world in terms of commercial real estate in the year of 2013.
The hotel values in London and other prime European cities have increased substantially in recent years with strong interest from wealthy Chinese investors and also Sovereign wealth funds in the Middle East.
The Analysts predict London will soon become one of the world’s leading hotel markets on the back of strong visitor growth and the government’s decision to streamline UK visa applications from Chinese nationals.
For Further information please contact Alexandra Hayward through [email protected]cgroup.co.uk