Barclay Brothers Land The Beaumont, London
Date: September 2018
Location: Mayfair, London, UK
Name: The Beaumont – five star
The Terrace Suite
No. of Keys: 73 rooms and suites
Seller: Grosvenor Estates, that had leased the hotel originally to Corbin & King in their first hotel venture.
Buyer: Amongst much competition over the past few months, Grosvenor Estates finally selected The Barclay brothers, via their Ellerman Hotel Company vehicle. The brothers own The Ritz London, newspapers like the UK’s Daily Telegraph, whole islands like Brecqhou, off Sark in the Channel Islands and much else! Previously they owned The Cavendish Hotel, which they sold to Ascott, and The Howard hotel, both in London
GM James Soerensen, who joined the hotel in 2016, has stressed that it will be “business a usual”
The hotel is richly furnished in an art-deco style, from it’s 2014 opening.
Price: Thought to be around £130m
Price per Key: £1,780,822
THPT Comment: It was widely thought that Minor Hotels, who have a small stake in Cobin & King, would secure the hotel, but we guess they got outbid. At £1.8m it is almost in the trophy hotel price-range.
First Seen: Boutique Hotelier