Tue, 03 Apr 2012 | COMMERCIAL PROPERTY
One of the co-founders of the Splendid Hotel Group has personally bought the site of the proposed Hilton Southwark Hotel.
Shiraz Boghani is thought to be paying around £150 million for the site, which he agreed to purchase in February. The sale was managed by CBRE Hotels EMEA.
The Hilton development was put up for sale in September, as was the InterContinental London Westminster hotel. The sales follow a legal spat between Mr Boghani and the former Splendid co-owner Bashir Nathoo, which has since been settled in court. Splendid itself, however, has since been devolved.
Work has already begun on the Hilton Southwark site, to develop the prestigious 281-room five-star hotel. A large ballroom and health and leisure club will also form part of the building.
Paul Bartrop of CBRE Hotels EMEA commented: “Everybody associated with the hospitality industry knows how robust the London hotel market has been over recent years.
“The sale of this important site illustrates the heat that exists in the market for new development opportunities and the demand over supply that we are seeing for substantial hotel sites in high profile, central locations.”
The company is an automatic and industrial door supplier, installing a variety of systems, including but not limited to, automatic doors, fire resistant shutters, entrance barriers, roller shutters and garage doors.
Well-established company operating for over 23 years. Offers a range of driving positions, which include day runs, local runs, local shunting, nights out and tramping.
The company is a business-to-business wholesaler of cask ales, continental lagers, and craft cider. Since its establishment, the business has cultivated strong relationships with high-profile and local breweries, gaining exclusive access to their pro...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.