Two Hilton hotels go on the market for £400m
Two of Hilton Hotel Corporation's (HHC) flagship UK properties have been put on the market for a rumoured £400m.
The 1,054-bedroom London Metropole is the largest business hotel in the UK with 46,000sq ft of conference space.
The 794-bedroom Birmingham Metropole adjoins the National Exhibition Centre and is the UK's largest hotel outside London. It also has extensive conference facilities.
Both properties are up for sale with long-term Hilton management agreements. The freehold is up for grabs on the London Metropole property, while a long lease is being offered on the Birmingham property.
Hotel agent Christie & Co is handling the sale. Managing director Chris Day said: "We anticipate strong interest in these properties from both UK and international investors."
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