CBRE to sell two hotels near London's Olympic Park

CBRE Hotels EMEA has been appointed to sell The Holiday Inn and Staybridge Suites Westfield in London on behalf of Patron Capital and Cycas Hotel Partners. The agent did not disclose the asking price for the properties.

The hotels are located in the heart of Westfield Stratford City, Europe's largest urban shopping centre and part of the leading urban regeneration project in London. They are close to London’s iconic 2012 Olympic Park and less than five minutes walk from the station.

The Holiday Inn and Staybridge Suites opened in May 2012.

'Stratford is set to become London’s most exciting new business address and is a part of London with limited existing hotel supply. The legacy of the Olympics for the area is huge and will include five permanent sporting venues and up to 11,000 new residential units and half a billion square foot of new office space,' said Owen Pritchard, associate director for CBRE Hotels EMEA.