Danubius poised to take over Jarvis's Regents Park Hotel

Hungarian hotel group Danubius could take over the running of Jarvis Hotels' Ramada Regents Park Hotel in north-west London if a deal to sell the property goes ahead.

Investment group CP Holdings, which is the majority shareholder in Danubius, confirmed today that it had exchanged conditional contracts to acquire the four-star, 377-bedroom hotel.

The sale price is reported to be in the region of £60m.

Danubius said: "Any role for Danubius in this hotel will depend on the completion of the acquisition and the finalisation of discussions with CP Holdings.

"But it is intended that any such role for Danubius would include involvement in the operation under arrangements to be agreed."

Danubius is already lined up to operate the Crescent hotel in Buxton, Derbyshire, which is undergoing a £23m redevelopment.