"The five-star hotel, housed within the Grade II-listed former Pearl Assurance building on High Holborn, is understood to be attracting interest from global investors as confidence returns to prime London assets. The Rosewood London opened in 2013 and has since established itself as one of the city's most sought-after luxury destinations. Known for its grand Edwardian architecture, landscaped courtyard and discreet service, the hotel features 264 bedrooms and 44 suites, the Holborn Dining Room restaurant, and 11 event spaces."
"Bloomberg suggests the hotel's owners have appointed advisers to explore a sale, with an expected price tag potentially running into the hundreds of millions of pounds. While no official asking price has been publicly confirmed, the listing reflects a broader trend of renewed activity in London's hotel investment market following several years of disruption caused by the pandemic, rising interest rates and global economic uncertainty."
"The Rosewood brand itself, founded in the US and now owned by Hong Kong-based conglomerate Chow Tai Fook Enterprises, operates a portfolio of ultra-luxury hotels across Europe, Asia and the Americas. The London property is considered one of the brand's flagship locations in Europe, making its sale especially notable within the industry. Industry experts say demand for prime hospitality assets has been buoyed by the recovery of international travel and a resurgence in tourism, particularly from the US, Middle East and Asia."
The Rosewood London, a five-star hotel housed in the Grade II-listed former Pearl Assurance building on High Holborn, has been put up for sale and is attracting interest from global investors. The hotel opened in 2013 and contains 264 bedrooms, 44 suites, the Holborn Dining Room restaurant and 11 event spaces. Owners have appointed advisers to explore a sale with a potential price tag running into the hundreds of millions of pounds. Renewed demand for prime hospitality assets follows recovery in international travel and a resurgence in tourism from the US, Middle East and Asia. The property serves as a flagship European location for the Rosewood brand, owned by Chow Tai Fook Enterprises.
Read at www.standard.co.uk
Unable to calculate read time
Collection
[
|
...
]