Compass Hospitality to run Arosfa hotel after sale to Singaporean group

01 October 2019 by
Compass Hospitality to run Arosfa hotel after sale to Singaporean group

Compass Hospitality is to run a hotel in London for the first time after the sale of the Arosfa hotel in Fitzrovia to Singapore-based Buxani Group, off a guide price of £2.95m.

The Grade-II-listed Arosfa hotel, which is close to the British Museum and Oxford Street, will be Compass Hospitality's 16th hotel in the UK.

The 17-bedroom property dates back to 1780 and was a former home to the famous pre-Raphaelite artist Sir John Everett Millais.

Kishore Buxani, founder and CEO of Buxani Group said: "We are thrilled to welcome the Arosfa hotel into our diverse portfolio of projects. This strategic expansion in London marks our third hotel in the UK managed by Compass Hospitality since last year and highlights our robust confidence in the market."

Harmil Singh, CEO of Compass Hospitality, added: "On the back of encouraging performance across our UK portfolio, we are happy to expand and to set foot in the capital. We continue to be committed to the UK market and we are eyeing further expansion in the coming months."

The sale of the property was handled by Savills.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group 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.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking