Wyndham Grand London Chelsea Harbour sold to Millennium & Copthorne

The Wyndham Grand London Chelsea Harbour has dropped the Wyndham Grand branding following the acquisition of the 158-suite hotel by a subsidiary of Millennium & Copthorne Hotels (M&C).

The renamed Chelsea Harbour Hotel is the only hotel within M&C's portfolio of 20 UK hotels that does not carry either the Millennium or Copthorne brand.

Millennium Hotels (West London) is the new leasehold owner of the property, which has been purchased for £65m off an original guide price of £80m from Ireland-based Harcourt Developments. The lease has a remaining term of 98 years to run.

Located within the Chelsea Harbour mixed-use development, which includes apartments, offices and retail spaces and overlooks the River Thames, the hotel features 154 suites, four penthouses and the Chelsea Riverside Brasserie.

Kwek Leng Beng, chairman of M&C, said: "We are delighted to be acquiring this property, which will fit very efficiently into our existing portfolio of London properties. The Chelsea Harbour is one of the few hotels in the city to offer all-suite guest accommodation and is situated in a prestigious riverside area that will be going through further transformation and improvement in the near future."

Wyndham Grand on market for £80m >>

Xavier Montembault appointed general manager of Wyndham Grand London Chelsea Harbour >>