Capitaland to sell Four Seasons Canary Wharf hotel for 55m
23 June 2005
The Four Seasons hotel in Canary Wharf, London, is to be sold by owners Capitaland.
Currently believed to be under offer, the 142-bedroom, five-star hotel will continue to be run by the Four Seasons under a 50-year management contract.
A spokesman for the hotel said it would be business as usual and the deal would not affect the running of the property.
Industry insiders remained tight-lipped about the value of the sale, but it is rumoured to be in the region of £55m.
Capitaland, the investment arm of the Singaporean government and agents CBRE, who are handling the sale, declined to comment.
