London townhouse hotel sells for £14m

London hotel the Leonard has been sold for about £14m to the Sehgal family, owners of the nearby Holiday Inn Oxford Circus in Welbeck Street.

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The Leonard: sold

The Leonard is a 44-bedroom Georgian town house hotel, and includes 12 apartments located within and opposite the main hotel. It is located on Seymour Street in the West End. Dominic Mayes, partner at agent Knight Frank, which co-ordinated the sale, said the sale showed existing London hotel operators were willing to commit to the future and the market was not just being led by overseas buyers. HVS International advised the new owners. by Nic Paton