Starman Hotels seeks up to £70m for Le Meridien Piccadilly

30 March 2010 by
Starman Hotels seeks up to £70m for Le Meridien Piccadilly

The 266-bedroom, five-star Le Meridien Piccadilly has been put on the market for £65-70m.

Owned by Starman Hotels, Le Meridien is the company's only UK property. The hotel, which has recently undergone a £6m refurbishment, is operated by Starwood Hotels.

Rob Seabrook, managing director at Jones Lang LaSalle Hotels, the property agent which is marketing the hotel, said: "This represents an outstanding opportunity for investors to acquire a renowned hotel in central London with strong trading and the potential to increase room count."

Le Meridien on Piccadilly for sale for £90m >>

Starwood completes Le Meridien brand acquisition >>

Starwood forecasts rebound in 2010 despite fourth-quarter losses of £117m >>

By Janet Harmer

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