The 1,059-bedroom London hotel and its 790-bedroom sister property in Birmingham are to be sold by the property investment company, the Tonstate Group.
Both hotels have extensive conference facilities. The London hotel, near Paddington, is a freehold property, while the Birmingham hotel, situated alongside the NEC Birmingham, operates under a long lease.
Tonstate - launched in 1996 by Dr Edward Wojakovski, a surveyor, and Arthur Matyas, a former commodities broker - also owns the Hilton Cardiff and the Travelodge and Ramada properties at Glasgow Airport. It bought the Hilton London Metropole and Hilton Birmingham Metropole in 2006 from the then-named Hilton Hotels Corporation for £417m.
The long-term management contract with Hilton Worldwide to opeate the hotels is expected to continue following any sale.
CBRE Hotels has been appointed to market the two properties.
RBS sells Hilton Hyde Park to group run by brother of X Factor's Simon Cowell >>Two Hilton hotels, with nearly 1850 bedrooms, to be sold Looking for a job? See all the current hotel vacancies available with The Caterer Jobs >>
Latest video from The Caterer