Grosvenor Kensington sold to Spanish hoteliers

13 May 2005
Grosvenor Kensington sold to Spanish hoteliers

Hotusa, the Spanish hotel company, has bought its first property in the UK - the Grosvenor Kensington hotel in London.

The 107-bedroom three-star hotel was sold by London group Muirgold for more than £18m after only 18 months of ownership.

It had previously been part of the Queens Moat House group.

The Grosvenor is the second hotel in the South Kensington area to be sold to a Spanish group in the past three months.

Colin Hall, of agents Colliers Robert Barry, who handled the sale said: "This is yet further evidence of the current strength of the London hotel market…which is being driven largely by Spanish and Irish investors who seem to be able to outbid virtually all other buyers."

Hotusa was set up in 1977 as an independent hotel consortium now has more than 1,500 associated hotels in 31 countries worldwide.

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

Check mark icon
Thank you

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

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking