|
«The Grosvenor House Hotel, Mayfair, London was sold for £470m ($733m) by CBRE Hotels acting as sole agent.
The 494 bedroom, Park Lane property (operated by JW Marriott) represents the largest ever single asset hotel transaction (by sale price) in Europe.
The iconic hotel has a unique place in the London 5-star market and as such attracted wide investor interest. Sahara India Pariwar acquired the hotel from RBS on the 30th December 2010.
Withthe deal closing on the 30th Dec, the transaction occurred in the same year that CBRE Hotels also sold the single largest hotel in Europe (by number of bedrooms) for many years - London's Cumberland Hotel also in Mayfair.
CBRE Hotels secured the exclusive mandate to sell The Grosvenor House Hotel following a competitive two-stage pitching process against JLL Hotels, UBS, Bank of America, Deutsche Bank and Goldman Sachs».
(CS della Società)
|
