Upwardly mobile 20 September 2019 The founders of coffee and brunch chain Caravan are on the move, taking their business model to new Chelsea restaurant Vardo
In this week's issue... Upwardly mobile The founders of coffee and brunch chain Caravan are on the move, taking their business model to new Chelsea restaurant Vardo
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Marriott Hotel Grosvenor Square lease back on the market

01 April 2019 by
Marriott Hotel Grosvenor Square lease back on the market

The leasehold for the London Marriott Hotel Grosvenor Square in Mayfair has been brought to market with a reported £180m guide price.

The leasehold of the 237-bedroom property was sold to Hong Kong-based private equity firm Joint Treasure for £125.1m in 2014 after Strategic Hotels and Resorts decided to concentrate on its US hotel portfolio.

A statement from Marriott said: "The leasehold of Marriott Grosvenor Square is a matter involving the landlord. Any change in leaseholder will not impact day-to-day business and we will continue to provide the exemplary service and experiences that our guests expect."

Gordon Ramsay's previously Michelin-starred Maze restaurant was located in the hotel until it closed in January, and is set to be replaced by a new concept.

JLL is marketing the property.

Gordon Ramsay's Maze restaurant to close >>

Marriott Hotel Grosvenor Square sold for £125m >>

Blackstone sells Marriott Grosvenor Square >>

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