Queensgate Investments Acquires Four Grange Hotels for GBP 1B (US 1.3B)

Queensgate | March 15, 2019

[London: 15 March 2019]: Queensgate Investments has completed the acquisition of the Grange St Paul's EC4, Grange Tower Bridge E1, Grange City EC3, and Grange Holborn WC1 for circa GBP 1 billion. The portfolio comprises 1,345 Central London rooms, around 930,000 square feet of real estate. The four upscale hotels have significant meeting and conference space as well as boasting high quality spa and leisure facilities including swimming pools. The portfolio was sold by Grange Hotels, one of London's largest privately-held hotel groups which, following the transaction, will own and operate 13 hotels, primarily in Central London. Queensgat...