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.
Well established and impressive children’s indoor activity centre. Prominent and accessible trading position, excellent reputation. Superbly presented throughout, 70 covers, car parking, retirement sale. The business has a thriving 100 cover café wit...
LEASEHOLD
Specialises in hosting a number of challenging and fun obstacle course and mud races across the local region. Sustains and generates consistent revenue through a strong online and social media presence. Offers invited.
LEASEHOLD
The premises are well presented, creating a cosy and inviting atmosphere, with over 100 covers including perimeter fitted seating in the main restaurant. Early viewing is highly recommended with the business genuinely coming to the market as our clie...
FREEHOLD
|
18
|
|
Nov
|
Kitwave acquires Alpine Fine Foods | BUSINESS SALE
Independent wholesaler Kitwave has acquired Alpine Fine Food...
|
15
|
|
Nov
|
Carpetright agrees to shareholder takeover deal | BUSINESS SALE
Carpetright has agreed a deal to be taken over by its larges...
|
14
|
|
Nov
|
Scale manufacturer taken over in MBO | MBO/MBI
Weighing scale manufacturer Marsden Weighing Group has been ...
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