Hospitality sweethearts 14 February 2020 The couples who make working together and living together a love story
In this week's issue...Hospitality sweethearts The couples who make working together and living together a love story
Read More
Search
The Caterer

Hotels near Olympic Park up for sale

18 July 2012 by
Hotels near Olympic Park up for sale

Two hotels close to the London 2012 Olympic Park have been put up for sale for a combined price of around £60m.

The 188-bedroom Holiday Inn and 162-suites Staybridge Suites, in the heart of Westfield Stratford City - Europe's largest urban shopping centre - are being marketed by CBRE Hotels EMEA, on behalf of Patron Capital and Cycas Hotel Partners.

The two hotels, which opened only two months ago, are operated by a partnership between the two companies under a franchise agreement with InterContinental Hotel Group (IHG). Staybridge Suites is IHG's extended-stay brand and the Westfield Stratford City hotel was the first one to be launched in London.

Owen Pritchard, associate director for CBRE Hotels EMEA, said: "Stratford is set to become London's most exciting new business address and is a part of London with limited existing hotel supply. The legacy of the Olympics for the area is huge and will include five permanent sporting venues, and up to 11,000 new residential units and half a billion square feet of new office space."

Patron and Cycas bought the hotels when they were under development in January 2011.

Cycas Hotel Partners buys two Olympic hotels >>

IHG's new Olympic hotels on track for 2012 >>

By Janet Harmer

E-mail your comments to Janet Harmer here.

Tabletalk
Tabletalk
If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.catererandhotelkeeper.com/tabletalk

Catererandhotelkeeper.com jobs

Looking for a new job? Find your next job here with Catererandhotelkeeper.com jobs

Blogs on Catererandhotelkeeper.com ](http://www.catererandhotelkeeper.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[E-Newsletters](http://www.catererandhotelkeeper.com/email-newsletters.htm)[ For the latest hospitality news, sign up for our E-newsletters
The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

Thank you

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