Location: Gloucester Terrace, London W2, UK
Name: Prince William Hotel
No. of Keys: 49
The Property: Close to Hyde Park and Paddington Station. Whilst the area has always been a district for “cheap-hotels” the locale is very “up and coming” with the advent of Paddington Basin, the name given to a long canal basin, and its surrounding area, in Paddington, London. The basin commences 500 m south of the junction known as Little Venice, of the Regent’s Canal and the Paddington Arm of the Grand Union Canal and runs for a similar length east-west.
With a £multi-billion investment over the past 10 years, and the introduction of offices, bars and restaurants, this area of London is the new “Shoreditch”!
The local shopping area – Queensway and the department store, Whiteleys, acquired by a Brunei family in 2013 has had a £1 billion revamp scheme approved by the local council, on a Norman Foster scheme.
The hotel has a GIA (gross interior area) of 1,060 sq. mtr. Average room size is 13 sqm.
Main Photo: The hotel exterior
Current Owner: Private family
Guide Price: £17m.
Date Posted: August 2019
THPT Comment: This area really is going to be London’s next best thing, with it’s proximity to Hyde Park, Marble Arch and Oxford Street…hotels like this are being snapped up to be upgraded to four-star boutique.
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This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.