close

Prime London hotel acquisition opportunity comes to market for £42.5m

The London Elizabeth

Hotel developers and hospitality entrepreneurs have the opportunity to snap up a prime hotel spot in the capital as Savills bring to market a four-star property in Lancaster Gate.

Family-owned, 52-bedroom The London Elizabeth Hotel is up for sale for £42.5m and presents an ‘excellent opportunity’ for an investor to acquire a central London hotel.

The hotel is set over six floors and comprises 33,000 sq ft of space, including the Rose Garden Restaurant offering 40 covers.

Story continues below
Advertisement

Included in the sale is a car park to the rear of the property located on Elms Mews.

Earlier this year, a planning application was submitted for a three-storey extension to be created, incorporating new bedrooms, and storage space and ancillary hotel facilities.

Alex Sturgess, director in the Savills hotels team, comments: “The London Elizabeth Hotel is an excellent opportunity for an investor to acquire a central London hotel that has a host of development options. We are pleased to bring the property to the market on behalf of our client.”

4 Lancaster Terrace was originally built in 1850 as three private houses in a new terrace of family homes on Lancaster Gate Terrace.

Tags : for salesavillsThe London Elizabeth Hotel
Zoe Monk

The author Zoe Monk

Leave a Response