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.

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