Royal Bank of Scotland (RBS) has sold the Hilton Hyde Park hotel in London for £25m to a group founded by X Factor star Simon Cowell's brother.
The 129-bedroom hotel, which faces Hyde Park and Kensington Gardens, has been sold to the Cowell Group - founded by Adrian Levey and Nick Cowell, Simon Cowell's brother.
Hilton has in turn signed a 30-year lease on the Hyde Park property.
RBS was advised by CBRE Hotels, which is also marketing six other Hilton hotels owned by the bank in locations such as Warwick and Brighton.
RBS recently sold the 1,019-bedroom Cumberland hotel in London, which is managed by Guoman Hotels, for around £215m. It is also believed to be close to finalising the sale of the nearby 494-bedroom Grosvenor House hotel in Park Lane, a JW Marriott hotel, for more than £500m.
By Chris Druce
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