Kensington Hotel Sold
On behalf of the Ace Hotel Group we were instructed to arrange a sale of a substantial 145 bedroom hotel within a sough-after West-London location, which offered potential for both existing and alternative use.
An open marketing process was undertaken which targeted both operators and developers, and following a short but intense period with over 50 inspections carried out from interested parties, international hotel chain Hannover Group proved the successful bidder with a sale being achieved in excess of the £5.5m guide price.
The property will under-go a program of refurbishment and updating, and will be operated in conjunction with Hannover’s existing central London hotels.
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- Sale
- Sold for £5,500,000
- West Kensington W14
- Investment
- Leisure
- 145 bedroom hotel with development potential
- Open market disposal
- Sold to hotel operator
- Value achieved exceeded 2 other valuations by 20%
“
Ross and his colleagues took care of our needs from start to finish, and showed professionalism and commercial understanding throughout
Financial Director,
Ace Hotel Group