A London hotel operator has added to his portfolio with the acquisition of Dean Court Hotel off a guide price of £750k.
Mr Usman, a private multiple hotel operator has taken on the 19th century Grade-II listed property after 40 years under the same ownership.
The property provides hostel and hotel room accommodation, as well as a dining space, and is situated within close proximity to Hyde Park.
The 14-bedroom hotel will join Hartley Hotel in Forest Gate and Pasha Hotel on Camberwell Road as part of Usman’s group of properties.
Having purchased the building’s leasehold, he now plans to carry out an ongoing refurbishment programme.
Andy Frisby of Fleurets brokered the transaction and commented: “Central London continues to prove a competitive market and it is therefore no surprise that we received multiple offers for Dean Court Hotel. Subject to the relevant consents, this property has potential for the configuration of en suite facilities; so I am particularly excited to see the hotel evolve in the coming months.”