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Westbury owner understood to be planning sale of hotel

21 February 2020 by

Cola Holdings, the owner of the Westbury hotel in London's Mayfair, intends to bring the property to market for more than £600m once the sale of the Ritz is completed, according to a report in Property Week.

Reports last month said the Barclay family, which owns the Ritz London nearby, is in discussions to sell the five-red-AA-star, 136-bedroom hotel to Saudi private investment group Sidra Capital.

Last year it was reported that the family was looking at options to offload the hotel for around £800m – a price tag that would make it the most expensive UK hotel sale in history.

The five-AA-star, 225-bedroom Westbury hotel is operated under Marriott International's Luxury Collection soft brand.

Cola Holdings' UK hotel portfolio also includes the 706-bedroom Holiday Inn London Kensington High and the 603-bedroom Hilton London Kensington hotel, which it acquired for £260m in 2018.

Photo credit: Shutterstock

Ritz London owners in discussions to sell hotel to Saudi private investment group >>

Owners of the Ritz London consider sale of hotel for record-breaking £800m >>

Cola Holdings acquires Kensington Hilton for £260m >>

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