Queen's Gate Hotel in Kensington sold for asking price £40m
11 February 2014 by Hannah Thompson
The four-star Queen's Gate Hotel in London's South Kensington has been sold to a private investor, off an asking price of £40m.
Comprised of four Victorian houses, the 90-bedroom boutique hotel was sold on behalf of Spanish clients Mazabi Gestion de Patrimonios, by specialist property agents Christie + Co and HVS Hodges Ward Elliott.
It is located in London's museums district, near the Royal Albert Hall, the Natural History Museum and Science Museum.
David Creamore, director of London Hotels for Christie + Co, said: "The sale of this hotel reflects both the demand for assets in this particular part of London and the bullish prices now being achieved on a regular basis in the capital."
