The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

St James's Hotel and Club sold for £60m to overseas investors

04 November 2010 by

The St James's Hotel and Club](http://www.stjamesclubandhotel.co.uk/) has been bought by overseas family investors for an estimated £60m.

The five-star 60-bedroom property in London's St James's was sold for an undisclosed sum believed to be in the region of £1m per bedroom.

Despite the challenging economic conditions of recent years, the luxury hotel market in London has remained buoyant in comparison with other major European cities, which has attracted strong overseas buyer interest in the sector.

Henrik Muehle, managing director of the St James's Hotel and Club, said: "I am very excited that the St James's Hotel and Club has been acquired by a family who appreciate the potential of this beautifully redesigned five-star hotel and in particular the emphasis on our fine-dining restaurant, Seven Park Place, under the direction of William Drabble, executive chef."

The hotel and club re-opened in August 2008 following an 18-month refurbishment. It is a member of the Small Luxury Hotels of the World and is managed by the pan-European hotel operator the Althoff Hotel Collection.

"The new owners have a good understanding of the luxury hotel market and an appreciation of the importance of great food and good service in our industry," added Muehle.

"This will help the St James's Hotel and Club to grow in profile as one of the best and most exclusive luxury hotels in London and complement William as he works towards a Michelin star for our fine-dining restaurant."

St James's Club reopened after refurbishment >>

St James's Hotel and Club joins the Small Luxury Hotels of the World >>

Muehle replaces Pettifer in top job at St James's >>

By Janie Stamford

E-mail your comments to Janie Stamford here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

[Blogs on Caterersearch.com](http://www.caterersearch.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
TagsHotels
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking