Sun, 12 May 2019 | BUSINESS SALE
Jones Lange LaSalle have been appointed to sell the iconic Mayfair hotel The Cavendish for a sum rumoured to be around £250 million.
The 230-bedroom hotel sits across the way from the Fortnum & Mason department store on Jermyn Street. Rates range from £215 a night for a basic room to £1100 a night for t penthouse suite, which overlooks Big Ben.
The owner of the hotel is CapitaLand, one of Asia’s largest real estate companies. Headquartered and listed in Singapore, it owns and manages a global portfolio worth S$91 billion as at 31 March 2018, comprising integrated developments, hotels, shopping malls, serviced residences, offices, homes, real estate investment trusts (REITs) and funds.
CapitaLand bought the hotel for £159 million in 2012, making again of £90 million, or an 8 per cent increase in value per year on top of annual profits.
A spokesman for the company told Bloomberg, “A CapitaLand spokesperson said “we constantly evaluate opportunities to maximise returns to shareholders. We will make an announcement if there are any definitive agreements.”
In the early 20th century, The Cavendish was run by socialite Rosa Lewis – better known as the Duchess of Duke Street. The hotel was bombed during the Blitz and was rebuilt on its present site in 1966 where it has continued to provide stylish and contemporary 4-star accommodation.
Overseas interest in UK hotels continues to surge, as acquirers foresee continued resilience in the accommodation sector, with a weak pound assisting.
A rare opportunity to purchase a micro-brewery and public house with a loyal local, regional and national following. Established more than 200 years ago to supply quality ales to the community of this market town, the brewery and pub continues the tr...
FREEHOLD
A well-established brewery and tied pub with a multitude of award-winning cask ales and bottled beers in operation for over 37 years. Serves 291 active clients, including pubs, wholesalers, off licences and other brewers. Due to its consistently high...
FREEHOLD
A superb opportunity to acquire an established pub and carvery has arisen, ready to be driven forward by a new owner. Over the last 7 years, the business has developed an outstanding reputation, known for its great food and welcoming, comfortable atm...
LEASEHOLD
|
21
|
|
Feb
|
Street food catering firm seeks buyer after entering administration | ADMINISTRATION
Shrewsbury-based catering company MPM Catering has entered a...
|
20
|
|
Feb
|
Heycar acquires HonestJohn.co.uk following administration | BUSINESS SALE
Online used car service Heycar has purchased the independent...
|
19
|
|
Feb
|
On-demand laundry app snapped up after administration | BUSINESS SALE
Laundrapp, an on-demand laundry service which was touted as ...
Sign up to receive our acquisition alert emails to get your FREE guide
|
12
|
|
Nov
|
MBO at Gloucestershire bricklayers | MBO/MBI
Gloucestershire building services firm Cavendish Park Brickl...
|
21
|
|
May
|
HC-One care home operator on the market | BUSINESS SALE
HC-One, the UK’s largest care home provider, has been ...
|
05
|
|
Apr
|
CMG considers sale of specialist care business | DIVISION SALE
The owners of the Care Management Group (CMG) have engaged a...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources