Strategic Hotels & Resorts completes Marriott Grosvenor Square hotel
Chicago-based Strategic Hotels & Resorts has completed its £103m purchase of the Marriott London Grosvenor Square hotel.
Owned previously by an affiliate of private equity group Blackstone Real Estate Partners, the Mayfair property has 236-bedrooms and recently completed a £12.8m refurbishment.
It is also home to Michelin-starred Maze Restaurant, run by chef-patron Jason Atherton as part of the Gordon Ramsay stable.
Strategic has also completed its buy of the Fairmont Scottsdale Princess hotel in Arizona from Fairmont Raffles Holdings International for $345m (£182m).
Blackstone sells Marriott Grosvenor Square >>
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By Chris Druce
E-mail your comments to Chris Druce](mailto:chris.druce@rbi.co.uk?subject=Strategic Hotels & Resorts completes Marriott Grosvenor Square hotel) here.
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