Le Journal des Palaces



< Actualité précédente Actualité suivante >

Landmark London hotel is put up for sale (Royaume-Uni)

The owners of a famous London hotel have put their freehold interest up for sale for around £200 million.

Landmark London hotel is put up for sale (Royaume-Uni)

The owners of a famous London hotel have put their freehold interest up for sale for around £200 million.

Catégorie : Europe - Royaume-Uni - Économie du secteur - Rachats groupes ou hôtels
Ceci est un communiqué de presse sélectionné par notre comité éditorial et mis en ligne gratuitement le 02-07-2014


The 400 bed hotel close to and overlooking Hyde Park is a prime London property in a much sought after area popular with tourists’ and business travellers. Alex Hayward of Debutesq Group who have listed the hotel said “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”. There are various reconfiguration opportunities which could enhance the property including extending its 135,000 sq ft footprint.

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. London has enjoyed a strong return since the recession and with the exception of Paris, is the only European gateway city where hotels are outperforming pre crisis levels. In 2013, London was the most invested in city in the world in terms of commercial real estate.

Hotel values in London and other prime European cities have increased substantially in recent years with strong interest from wealthy Chinese investors and Sovereign wealth funds in the Middle East. Last year a Middle Eastern basted private investment group paid over £300 million for a leasehold interest in the 447 bed Inter Continental on Park Lane representing an increase in book value of 62% since the end of 2012.

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. Overseas trips made by Chinese travellers is set to double over the next few years to 200 million and their average spend in the UK has been growing at 44% since 2009. Chinese visitors are expected to spend over £1 billion in the UK by 2017.


En savoir plus sur...
The Landmark London
222 Marylebone Road
NW1 6JQ London
Royaume-Uni
Site internet




Vous aimerez aussi lire...







< Actualité précédente Actualité suivante >


Retrouvez-nous sur Facebook Suivez-nous sur LinkedIn Suivez-nous sur Instragram Suivez-nous sur Youtube Flux RSS des actualités



Questions

Bonjour et bienvenue au Journal des Palaces

Vous êtes en charge des relations presse ?
Cliquez ici

Vous êtes candidat ?
Consultez nos questions réponses ici !

Vous êtes recruteur ?
Consultez nos questions réponses ici !