DoubleTree by Hilton Ealing sold to Singaporean joint venture

18 July 2017 by
DoubleTree by Hilton Ealing sold to Singaporean joint venture

Gilmour S.a.r.l has sold the freehold interest of the 189-bedroom DoubleTree by Hilton Ealing hotel in London to HPL Ealing Private, a joint venture between two Singapore-based entities.

The sale price was not disclosed but the hotel is now owned by the joint venture between HPL Properties (West), a wholly-owned subsidiary of Hotel Properties, and Anchorage View.

Hotel Properties, which is headed by Singaporean business magnate Ong Beng Seng, owns or manages nearly 30 hotels in 12 countries under brands such as Four Seasons, Hilton, Como and InterContinental.

The hotel will retain its franchise agreement with Hilton under its upscale DoubleTree brand.

Will Duffey, executive vice president at JLL H&H, who advised on the sale, said: "The devaluation of the pound following the Brexit vote makes the UK hotel investment market even more attractive for offshore capital. This is the second transaction that JLL H&H has closed in the last month to Asian capital in the UK.

"The DoubleTree by Hilton Hotel London - Ealing is the largest hotel transaction in west London this year."

DoubleTree by Hilton Dundee sold to 7 Hospitality for £5.5m >>

Singapore company scoops up Torquay's Palace hotel >>

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