New owner for Edward Lear hotel in London
The popular hotel near Marble Arch is made up of two inter-connecting Grade II-listed Victorian buildings.
The link with Lear, who is best-known for his nonsense verse and illustrated limericks, enables the hotel to attract custom from overseas markets such as America as well as tourists and business travellers.
The property offers 31 bedrooms, a lounge with free internet connections, a breakfast room, and a managers' flat comprising a double bedroom, open-plan lounge and kitchen, bathroom and small patio.
The London office of Christie + Co has sold the hotel off an asking price of £800,000 to property developer Chandra Babu on behalf of Peter Evans, who has owned the property for 20 years and has other hotels in the Marble Arch area.
The hotel is held on a 15-year commercial lease from the Portman Estate which expires in March 2016.
| !Marble Arch, London |
|---|
| Edward Lear hotel |
By Angela Frewin
