Grange To Dispose of Remaining Six Hotels in London
Location: London – Russell Square, England, UK
Names: The White Hall, Blooms, Beauchamp, Clarendon, Portland and Buckingham Hotels…and the Lancaster
Guide Price: POA
No. of Keys: 217 in total (6 hotels) – all four-star
The Opportunity: Having sold the big four hotels last year for circa £1bn, and divided up the other larger hotels between the two brothers – under the Blue Orchid and Jastar Capital…they are now selling the remaining six/seven hotels, which are held on 54-year (four hotels) and 102-year (two hotels) and 1-year (the remaining hotel – The Lancaster, 36 keys).
The hotels are all more or less are around the the Russell Square/Bloomsbury area of London, so as a Portfolio, could be managed as a Cluster operation. The area, set in what could be considered Central London, is positioned in a sought-after location close to many major corporate, medical and educational institutions as well as cultural venues such as The British Museum.
No doubt the leases could be extended under new ownership.
Main Photo: The White Hall Hotel, at 58 rooms it is one of the bigger hotels
Tenure: Leasehold as above
Flag and Management: Both free
Current Owner: The Matharu family
Agent: JLL
Guide Price: POA
Date Posted: September 2020
THPT Comment: A great opportunity to secure this group of small hotels…makes sense to go for the six hotels as a package.
Contact us for further information
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”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
For more information – Visit www.thpt.co.uk or email info@rrh.hmf.mybluehost.me.
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.