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Benit Hotels owner buys London's Coronation hotel

28 May 2010 by

The Coronation Hotel in Earl's Court, London, has been purchased by Richard Breen of Benit Hotels for £2.45m.

The 23-bedroom property is the fourth hotel in the capital to be acquired by the group in the past three years.

Breen said he aims to continue growing his portfolio of central London townhouse properties which already includes the Castelton hotel in Earl's Square, the Avalon hotel in Bloomsbury and the Trebovir hotel in Earl's Court.

On the purchase of each hotel, Breen has carried out extensive refurbishments to reinstate the period properties into modernised boutique hotels.

Knight Frank was the property agent for the sale.

Grosvenor House on the market for £600m >>

Bank puts Cumberland hotel up for sale >>

Jolly St Ermins sold for £65m >>

By Janet Harmer

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