Acting on behalf of Gresham Hotel Group, Christie + Co has been instructed to sell the Park Inn Hyde Park, London.
This 188-key listed building, which has a prime location on Lancaster Gate, is very close to both Hyde Park and Kensington Gardens, an area which will continue to evolve as neighboring landmark property developments near completion.
The hotel is within easy reach of Marble Arch, the West End and all the principal attractions of the capital. It also offers excellent transport links throughout London and to Heathrow via the Heathrow Express.
Patrick Coyle, chief executive of Gresham Hotel Group, comments: “In recent months, the number of enquiries made to us from parties interested in our London hotel has escalated. As we continue to focus on our group of Irish and continental European hotels we see this therefore as a perfect opportunity to conduct a structured sales process of our London asset. Our appointed agent, Christie + Co, is perfectly placed to handle this sale on our behalf.”
Jeremy Hill, Christie + Co’s Head of Hotels, says: “Having just completed on the sale of the Park Inn Russell Square, WC2 we have a large number of UK and international buyers desperately keen to secure a central London hotel.
“Rezidor’s management of the Park Inn Hyde Park will encourage interest from those buyers looking to invest in a hotel with a global operator in place. Those buyers looking to reposition the hotel and capitalise on the various development scenarios will also be excited by this substantial opportunity.”
Christie + Co will be seeking substantial offers in excess of £35 million for this freehold hotel.