Board

Hotel Transactions 2011 – London

Date

Property / Properties

Total bedrooms

Total sale price Purchaser

Vendor

March

Cadogan Hotel

65

£15.4m

Cadogan Estate

Trinity Hotel Investors

Bird Hospitality Services (BHS) — the hotel will be operated by Interstate Hotels and Resorts

Harte Property & Investment/ Franklyn Hotels and Resorts Administrators of Mainwalk Ltd ( PricewaterhouseCoopers) King’s Cross Central – Robson Asset Management (RAM) retains the 125-year hotel lease

April

Royal Park Hotel

48

Undisclosed

May

Aerodrome Hotel, Croydon

109

£6.5m

Hallmark Hotels

£12m for the 999- year ground lease

August

Great Northern Hotel, King’s Cross

94

Pramerica

Crimson Hotels — the hotel will be operated as a DoubleTree by Hilton AXA Real Estate on behalf of the Co- operative Insurance Society

October

The Hesperia London Victoria

212

£55m

Hesperia Hotels

October

IBIS London City

348

£38.35m

Mangrove Securities

Administrators of Ramada Jarvis ( Grant Thornton)

October

Ramada London Heathrow

200

Undisclosed Focus Hotels

November W Hotel development, Leicester Square

192

£200m

Qatari-based Al Faisal Holding Westinvest Gesellschaft Für Investmentfods MBH — sale and leaseback

McAleer & Rushe

November Malmaison hotel in Charterhouse Square 97

£31.5m

MWB Group Holdings

2 hotels (354 rooms)

Morgans Hotel Group/ Walton Street Quintain Estates and Development The Ballymore Group

November Sanderson and St Martins Lane Hotels

£192m

Capital Hill Hotels

November Plaza Hotel, Wembley

306

£15m

Sojourn Hotel Group

November Radisson Edwardian New Providence Wharf 169

£37.5m

Jasminder Singh (Edwardian Group) Woodlon — the hotel will be managed by Rhombus International Hotels Group

Administrators of Hotel Verta and Verta Properties (Ernst & Young) Administrators of Summerpark Homes (Baker Tilly)

December

Hotel Verta

70

Undisclosed

24 serviced apartments

December

Atelier EC1

£11.5m

Mara International

December

The Cromwell Hotel

85

£20m

Unnamed buyer

The Lords Group

Increase in the number of hotel viewings arranged by Christie + Co in 2011 compared with the previous year

Increase in the number of offers received for hotel businesses in 2011 compared with the previous year

21.5%

32.8%

19