The owners of The Hoxton Hotel, an award winning hotel based in Central London, are exploring the prospect of a sale as per the terms of their original investment agreement. Knight Frank has been appointed to advise the process and expressions of interest are already being received.
The owners of The Hoxton Hotel, an award winning hotel based in Central London, are exploring the prospect of a sale as per the terms of their original investment agreement. Knight Frank has been appointed to advise the process and expressions of interest are already being received.
The hotel comprises 208 bedrooms, seven meetings rooms and The Hoxton Grill, which is operated by the iconic Soho House Group.
The Hoxton Hotel, which was founded by Sinclair Beecham in 2006, is located in between one of the most fashionable districts of modern London and the City. The hotel’s innovative approach to marketing combined with the levels of customer service and the value for money price point has meant that high occupancy levels have consistently been achieved.
Philip Newborough, Chief Executive of Bridges Ventures and Director of the Hotel, said:
'Since its launch, The Hoxton Hotel has become an established, profitable and enduring brand, which combines a resilient property investment opportunity with a strong operational platform. In light of the current strength of the hotel market in London, we believe that now is the time for the right owner to build on the value which has been created.'
Dominic Mayes, Head of Hotels at Knight Frank commented: 'The hotel business in London is currently trading strongly and as a consequence the appetite for hotel property in the capital from investors, in particular from overseas, is strong. International buyers are leveraging off the relative weakness of the pound and see good growth prospects in the hotel sector in London, particularly now that the 2012 Olympics are not far away and some early signs of economic recovery apparent. The Hoxton Hotel is an extremely attractive investment with significant growth potential which is likely to generate a high level of interest in the market.'