At a glance
- Connect CRE first reported the sale.
- At the reported price, the hotel works out to roughly £974,000 a key, or about $1.3 million a key, a reference for fund selectors and family offices valuing central London luxury hotels.
- The debt is a second reference: two large banks lent against a single London hotel, a live data point for allocators underwriting senior hospitality financing.
Gencom bought the Rosewood London, a 308-key hotel at 252 High Holborn in central London, for a reported £300 million, or about $402 million, the Miami firm's first luxury hotel asset in Europe.
Connect CRE first reported the sale. HSBC and Santander financed the purchase, and HVS Hodges Ward Elliott represented the seller.
At the reported price, the hotel works out to roughly £974,000 a key, or about $1.3 million a key, a reference for fund selectors and family offices valuing central London luxury hotels.
The debt is a second reference: two large banks lent against a single London hotel, a live data point for allocators underwriting senior hospitality financing.
Rosewood London is Gencom's second owned Rosewood asset, after Rosewood Bermuda in 2017.
Reported by the Deals desk from Connect CRE. Published . Corrections