Airports operator BAA has sold two of its hotels for a combined £40.3m.
Its BAA Lynton commercial property development arm has sold the four-star, 500-bedroom Radisson SAS at Stansted airport to Airport Hotels Partnership (AHP) for £24m.
AHP is an equity firm set up specifically to invest in BAA airport hotels, and in which BAA Lynton has a 10% stake.
The 364-bedroom Jurys Inn Hotel at Heathrow has also been sold, to private company the Blair Group for £16.3m.
CB Richard Ellis Hotels was the agent behind both deals.
The change of ownership will not affect the operation of the two hotels.
by Nic Paton
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