Hempel hotel on sale for £12.5m

07 December 2004 by
Hempel hotel on sale for £12.5m

West London boutique hotel the Hempel has been put on the market for £12.5m.

The hotel, which has a turnover of about £3.5m, is being sold as a going concern. A spokesman for agent Knight Frank said: "It is expected to continue trading as per normal."

Property developer O&H Properties, which bought the four-star, 40-bedroom site 18 months ago for a reported £10m, is selling up to concentrate on its core activity.

Annette Dalah, an O&H property surveyor, said: "We are a property company and don't have the necessary time to put into running it. We were never looking to buy a hotel but the Hempel came up because it was such a unique property."

The seven-storey venue was opened by actress-turned-designer Anouska Hempel in 1997. Her profile and the hotel's original minimalist décor helped to make it one of the capital's most famous destinations.

The 67,495sq ft site includes the 80-seat I-Thai restaurant and six nearby associated apartments, which have a separate guide price of £4m.

by Tom Bill

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