Hyatt eyes London's Grosvenor House Hotel

Hyatt Hotels is reported to be considering buying London's Grosvenor House Hotel after its owners were placed in administration.

London's Grosvenor House Hotel
London's Grosvenor House Hotel

Sahara Grosvenor Hospitality Limited, which owns the Grosvenor House, went into administration earlier this month, with Jones Lang LaSalle (JLL) appointed to market the famous five-star property on Mayfair’s Park Lane.

A spokesman for JLL said it was unable to give an indication of expressions of interest received from potential buyers at this point.

However City A.M. has reported that Hyatt will consider bidding for the hotel. "We will take a look at the Grosvenor as we look at all potential sites," Peter Norman, senior vice president for acquisitions and development for EMEA told the newspaper. "But I won’t know until I see the information whether it will work for us."

It is predicted the sale price of the 494-room hotel, which is run by Marriott, will be more than the £470m the Sahara Group paid for the Grosvenor House in 2010, when it became the largest hotel transaction in London on record.

The hotel has 5,660sqm of conference and meeting space across 31 venues including the Great Room, the largest five-star ballroom in London.

A spokeswoman for Hyatt said the company was unable to comment on this or any of its other commercial plans.

She added: "Hyatt is currently focussed on careful expansion in European gateway cities and hopes to open a Park Hyatt in London in the future. Hyatt is always actively looking at potential properties across the continent - London is just one of many locations of interest."

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