ao link

You are viewing 1 of your 2 articles

To continue reading register for free, or if you’re already a member login

 

Register  Login

Westbury owner understood to be planning sale of hotel

Cola Holdings, the owner of the Westbury hotel in London’s Mayfair, intends to bring the property to market for more than £600m once the sale of the Ritz is completed, according to a report in Property Week.

 

Reports last month said the Barclay family, which owns the Ritz London nearby, is in discussions to sell the five-red-AA-star, 136-bedroom hotel to Saudi private investment group Sidra Capital.

 

Last year it was reported that the family was looking at options to offload the hotel for around £800m – a price tag that would make it the most expensive UK hotel sale in history.

 

The five-AA-star, 225-bedroom Westbury hotel is operated under Marriott International’s Luxury Collection soft brand.

 

Cola Holdings' UK hotel portfolio also includes the 706-bedroom Holiday Inn London Kensington High and the 603-bedroom Hilton London Kensington hotel, which it acquired for £260m in 2018.

 

Photo credit: Shutterstock

 

Ritz London owners in discussions to sell hotel to Saudi private investment group >>

 

Owners of the Ritz London consider sale of hotel for record-breaking £800m >>

 

Cola Holdings acquires Kensington Hilton for £260m >>

Plant-Based World Expo

Plant-Based World Expo

Social Media Summit 2024

Social Media Summit 2024

Hotel Cateys

Hotel Cateys

Best Places to Work in Hospitality 2025

Best Places to Work in Hospitality 2025

Queen's Awards for Enterprise

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

Jacobs Media

Jacobs Media is a company registered in England and Wales, company number 08713328. 3rd Floor, 52 Grosvenor Gardens, London SW1W 0AU.
© 2024 Jacobs Media

We use cookies so we can provide you with the best online experience. By continuing to browse this site you are agreeing to our use of cookies. Click on the banner to find out more.
Cookie Settings