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Jones Lang LaSalle’s Hotels & Hospitality Group were appointed as advisors to offer for sale the 447 bedroom trophy hotel InterContinental London Park Lane.
Operated by IHG, under their prestigious InterContinental brand, the hotel was subject to a long term management agreement with InterContinental Hotels & Resorts.
The hotel benefits from a rich history, together with a long association with royalty and international dignitaries and celebrities. Initially opened in 1975, an extensive £83.0 million refurbishment of the hotel was conducted by IHG in 2005/2007, reaffirming its position as one of London’s premier trophy hotels. #
In April 2013, InterContinental London Park Lane was sold to an undisclosed international buyer for a price of £301,500,000. The sale represented an extremely rare investment opportunity with only a handful of trophy Mayfair hotels changing hands during the last decade.
The sale is record breaking in a number of ways including being the largest ever sale and manageback of a single asset in the London hotel market and the only ever sale & manageback transaction to have occurred on world famous Park Lane.
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