The Caterer

Amaris puts Chelsea DoubleTree by Hilton on the market for £45m

25 January 2017 by
Amaris puts Chelsea DoubleTree by Hilton on the market for £45m

Amaris Hospitality, the collection of hotels created by American private equity group Lone Star, has put its DoubleTree by Hilton London-Chelsea hotel on the market for around £45m.

CBRE has been appointed to manage the sale of the 172-bedroom hotel, which Amaris owns and operates on a long lease. Offers are invited for the lease and the business as a going concern.

Over the past 12 months, Amaris has spent around £100m rebranding and improving its portfolio, with around £45m on the capital gone on Jurys Inn, which it revealed last month is contributing 40% of Amaris's profitability.

A spokesperson from Amaris said: "In light of strong investor demand and the receipt of expressions of interest from potential buyers, Amaris Hospitality has commenced a process to potentially sell our DoubleTree by Hilton, Chelsea, property.

"Amaris Hospitality has been making considerable progress in transforming its existing estate and physical product through smart investment and strategic brand management."

Jurys Inn contributes 40% of Amaris Hospitality's profitability >>

Last remaining Hotel Collection hotels near sale >>

Amaris Hospitality to invest £24m in three hotels >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!