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