The revamped "modern boutique" hotel is expected to open this year.
A Victorian-era building in London’s Paddington is to be turned into a 68-room boutique hotel by an overseas investor.
The former Victoria Garden hotel at 100-102 Westbourne Terrace was sold by Colliers to investor Prima and will be operated by hotel management firm Capilon.
The 26,000 sq ft property was originally two large Victorian family homes and was converted into a hotel in the 1960s, maintaining its 1840s façade.
The new owners are due to launch a major refurbishment programme to create a new boutique four-star hotel, just a short walk from Hyde Park.
The revamped “modern boutique” hotel is expected to open this year.
Colin Hall, director of London Hotels Agency at Colliers, said: “The beauty of 100-102 Westbourne Terrace has always been the opportunity to acquire a solid, blank canvas hotel asset which is well located for all the main tourist destinations of central London, and also easily accessible for international travellers.
“The London market is definitely returning to upswing, and we are seeing both international and domestic investment recognising the long-term strength of the capital’s hospitality market.”
Photo: Colliers