Days Inn Hotel Waterloo Sold to Palm Holdings

Main Photo: The Days Inn Waterloo, as is

Date: October 2019

Location: Lambeth North/Waterloo, London

Name: Days Inn…likely to be renamed in 2020

No. of Keys: 162

Seller: The hotel sold by administrators Smith & Williamson, who stepped in when the Malaysian owners went into administration earlier this year.

Buyer: Palm Holdings, which will operate it under its subsidiary, Waterloo Hub Hotel Ltd.

The Days Hotel sits in a prime Central London location close to Lambeth North and Waterloo stations. It is also in close proximity to major tourist hotspots such as the Imperial War Museum, the Houses of Parliament and the London Eye.

The hotel, which went into administration in March earlier this year, will continue to trade under the Days Hotel brand, which is part of Wyndham Hotels and Resorts, under a temporary operating agreement whilst the new owners consider various options in re-positioning the hotel.

The combination of the hotels within The Edinburgh Collection, together with the Days Hotel, Waterloo, means the Palm Holdings group now own and operate over 600 bedrooms with over 150 staff in the UK, up to now all in Edinburgh.

Jeremy Jones, Head of Brokerage – Hotels at Christie & Co, who handled the sale, comments, “There was very significant interest in the hotel with over 150 signed NDAs for the property from a wide range of UK and International institutional and private property investors and hotel operators. The Palm Holdings offer was eventually accepted after a number of bidding rounds and put them in front of the other bidders because of their knowledge of the property, their level of engagement and ability to complete the transaction very quickly.”

THPT Comment: Well done to the Kapoor brothers who fought off serious competition to land the hotel….and we know they have been looking for a London property for some time…we hear they plan to expand the number of rooms and re-brand…Best wishes.

First Seen: Christie & Co website

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