Tue, 05 Oct 2010 | BUSINESS SALE
London's Blakes Hotel has been bought in a deal worth £20 million, financed by Barclays Corporate.
Leisure entrepreneurs Meir Abutbul and Navid Mirtorabi are the new owners and have plans to draft in Blakes Hotel’s founder Anouska Hempel to head a £2.5 million renovation project. Future aims include expanding the Blakes Hotel brand internationally.
Nick Worthington of Barclays Corporate commented on the deal, “The London boutique sector continues to perform very strongly, and the opportunity that an expansion of Blakes presents is a compelling one.”
The fashionable London hotel has been frequented by the likes of Princess Margaret, Diana Ross and Sadie Frost in the past. The 51-bedroom hotel was established in 1981 as one of the first boutique hotels in the world.
GuestInvest bought Blakes in 2007, and plans to convert the hotel to the firm’s model never materialised before it entered administration in 2008.
Mr Mirtorabi and Mr Abutbul already own several London hotels between them. Abutbul is also the founder of the patisserie chain Apostrophe.
This leading recruitment agency boasts over 30 years of expertise in mechanical and electrical engineering, offering a robust infrastructure and an extensive candidates' database.
Explore a dynamic business opportunity with a relocatable, eco-friendly contract packing and reworking specialist located in Norfolk.
A highly respected family business specialising in waste recycling is now available in West Yorkshire, offering a unique opportunity in a thriving industry.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.