The Cadogan Estate has bought the Cadogan hotel in London's Sloane Street for £15.4m.
The purchase from US-based Trinity Hotel Investors means that Earl Cadogan takes control of the property which bears his family name.
Hugh Seaborn, chief executive of the Cadogan Estate, said: "We are delighted to have acquired the share capital of the hotel which has been a long-held ambition. Our intention is that the hotel will continue to operate as it is for the time being and in due course it will be upgraded so as to better reflect the elegance of Sloane Street."
"Earl Cadogan is delighted that the hotel bearing his family name has been returned to the family estate," he added.
The Cadogan consists of 65 guestrooms and suites, plus the Langtry's restaurant.
The hotel was once the home of Lillie Langtry, the famous actress and close friend of King Edward VII. After she sold the house, Lillie still used to stay in her old bedroom (109), by then part of the hotel. However, The Cadogan is perhaps best known for its association with Oscar Wilde, who was arrested for gross indecency in room 118 in 1895.
By Neil Gerrard
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