Date: March 2018
Location: Great Marlborough Street, Soho, London, UK
Name: ?? Arlo, London?
No. of Keys: 118
Buyer: Quadrum Global bought the site in April 2015 from Henderson Global Investors and have now secured hotel planning consent. We believe they will keep it for their Arlo Hotels brand, headed up by Foiz Ahmed – they have 2 Arlo Hotels in the other Soho (New York), Arlo SoHo (325 keys) and Arlo NoMad (250 keys).
They recently (February 2017) sold the adjacent site – 52 Poland Street to a Aprirose, who have appointed Z Hotels to run it, having secured hotel planning consent in late 2016.
Besides Arlo, Quadrum have a US hospitality portfolio of around 2,000 hotel rooms, in NY, Chicago & Miami and US$1.4bn in equity capital invested globally (21 major projects globally, 15 of which are in the US)
Price £130m to include hotel, retail and restaurant space.
Price per Key: £1,101,695
THPT Comment: Great Marlborough Street has been on the market awhile, so great they have secured the hotel planning consent and Arlo will be a fresh brand for London.
First Seen: Property Week