Paddington hotel on market for £15m

22 November 2010 by
Paddington hotel on market for £15m

The 77-bedroom Ventures & Camelot hotel in Paddington, London, has been put on the market for £15m.

Dating back to around 1880, the property comprises five substantial Victorian buildings over five floors, including a basement.

There is potential to expand some of the double rooms to triple rooms, subject to planning permission, however only 55 of the bedrooms are en suite. The hotel includes a restaurant and a 25-space car park.

Christie + Co is marketing the property, which has been run by the same family for more than 30 years

"This is a rare chance to acquire a substantial freehold property in central London," said Andrew Evangelou, associate director at Christie + Co. "Therefore we expect to receive a high level of interest in this excellent opportunity."

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By Janet Harmer

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