Tue, 03 Apr 2012 | COMMERCIAL PROPERTY
One of the co-founders of the Splendid Hotel Group has personally bought the site of the proposed Hilton Southwark Hotel.
Shiraz Boghani is thought to be paying around £150 million for the site, which he agreed to purchase in February. The sale was managed by CBRE Hotels EMEA.
The Hilton development was put up for sale in September, as was the InterContinental London Westminster hotel. The sales follow a legal spat between Mr Boghani and the former Splendid co-owner Bashir Nathoo, which has since been settled in court. Splendid itself, however, has since been devolved.
Work has already begun on the Hilton Southwark site, to develop the prestigious 281-room five-star hotel. A large ballroom and health and leisure club will also form part of the building.
Paul Bartrop of CBRE Hotels EMEA commented: “Everybody associated with the hospitality industry knows how robust the London hotel market has been over recent years.
“The sale of this important site illustrates the heat that exists in the market for new development opportunities and the demand over supply that we are seeing for substantial hotel sites in high profile, central locations.”
This unique and renowned freehold bar and restaurant in the heart of York City Centre offers over 250 covers across its spacious interior, pavement seating, and a rare rooftop terrace.
FREEHOLD
A well established and strongly profitable engineering business, located in the Midlands. The company will be an attractive acquisition for both a larger trade buyer and also those looking for a stable engineering business.
This European pharmacy manufacturer specialises in providing custom clinical trial batches for leading pharmacy companies across the continent, playing a crucial role in their R&D efforts.
15
|
Aug
|
North East compliance services firm secures investment and new acquisition | BUSINESS SALE
ABCA Systems, a North East-based fire, security and electric...
15
|
Aug
|
Furniture delivery firm that had ceased trading enters administration | ADMINISTRATION
A Yorkshire-based logistics business that specialised in fur...
15
|
Aug
|
North Yorkshire food supplier secures future with sale | BUSINESS SALE
The future of a North Yorkshire-based meat and vegetable sup...
24
|
May
|
Tchenguiz to individually sell off 10 Hilton hotels | DIVISION SALE
Iranian property tycoon Vincent Tchenguiz is to individually...
18
|
Mar
|
Leeds hotel developer enters administration | ADMINISTRATION
A hotel developer that was creating a landmark £32 mil...
19
|
Apr
|
Hilton Coylumbridge hotel for sale | BUSINESS SALE
The Hilton Coylumbridge hotel, the largest hotel in its area...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.