Owners of St James’s Hotel and Club (www.stjameshotelandclub.com) are enjoying the attention London hotels seem to be attracting from foreign buyers. Keen to take advantage of the weak pound overseas investors are driving up commercial property prices across London and hand picking profitable hotels for potential purchase.
Henrik Muehle, managing director says, “There are some serious investors from overseas with money to purchase landmark retailers and hotels in London. As an hotelier we recognise that a property such as St James’s Hotel and Club would represent a trophy asset to any investment group. With occupancy expected to thrive through 2010 and beyond 2012, with a long established brand and a prime Mayfair location, it is not all together surprising that our hotel is now attracting serious attention with offers in excess of £1m per hotel bedroom.”
As a luxury 5* 60 room central London townhouse hotel, St James’s Hotel & Club re-launched in 2009 with the appointment of managing director, Henrik Muehle.
Muehle said “following on from an extensive two year renovation and new team structure including management by the German Althoff Collection, the hotel is enjoying a substantial increase in occupancy. Althoff is highly regarded worldwide for luxury hotel management and boasts two of Germany’s most coveted three Michelin star restaurants in their hotels”
The Althoff Collection has seven hotels including Villa Belrose in St Tropez and The Grandhotel Schloss Bensberg in Cologne as well as St James’s Hotel & Club.
Muehle adds “we have created an incredible business model with a high percentage of repeat guests, a very healthy occupancy of all rooms including our top suites and an excellent new food and beverage operation which has attracted exceptional feedback from media and guests alike. It is flattering to be receiving so much attention”