Qbic London City Hotel Sold to Cerberus

Date: June 2017

Location: London E1, UK – Whitechapel

Name: Qbic London City, three star

No. of keys: 171

Seller: London-based Bridges Fund Management

Buyer: New York-based Cerberus Capital Management

Price: undisclosed

History: Opened 2013 – was a 56,000 sq. ft. disused office building

First seen: www.thecaterer.com/articles/505177/bridges-sells-qbic-london-city-hotel-in-whitechapel-to-cerberus

THPT Comment: Interesting that the sale came so soon after, not only the opening of the hotel, but the launch of the Qbic brand, which stays with the founders, as does their one other hotel in Amsterdam.