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."

More:

Abu Dhabi makes £1.6bn bid for Claridge's, the Berkeley and the Connaught

8 of the best... London hotel openings in 2014

• For more breaking news and in-depth features, sign up to C&IT Magazine's daily Newstracker here

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
License to chill: Follow in Bond's footsteps

License to chill: Follow in Bond's footsteps

With new details about the latest filming locations in Jamaica released, we look at some of 007's previous business trips.

There is an industry expectation for people to 'work for free' to get experience

There is an industry expectation for people to 'work for free' to get experience

A-List 2019: AOK Events' senior account manager Louise O'Keeffe.

Top 6 incentive travel destinations named by CR Worldwide

Top 6 incentive travel destinations named by CR Worldwide

Game of Thrones location, an island dubbed the new Ibiza and a landlocked land of gorillas have all been tipped by incentive experts.

'A lot of clients use agencies as bait to get cross quotes, which isn't a fair way of working'

'A lot of clients use agencies as bait to get cross quotes, which isn't a fair way of working'

A-List 2019: Stephen McIntosh, head of experiential at Audience.

How to use influencer marketing for B2B events

How to use influencer marketing for B2B events

There are five key things to consider if you want to use the medium to its full potential, says Mariska Kesteloo from Word of MICE.

Which European city has the most bars, cafes and restaurants?

Which European city has the most bars, cafes and restaurants?

Study reveals the top UK and European cities for those wanting to eat and drink their way round a destination.

Last chance for early-bird entries to C&IT Awards

Last chance for early-bird entries to C&IT Awards

The deadline to enter the C&IT Awards at the early-bird entry price is Thursday 13 June.

'I don't think event management degrees know enough about real-life events'

'I don't think event management degrees know enough about real-life events'

A-List 2019: Fiona Kelly, senior project manager, The Turner Agency.

Experience12 hires three new staff in account management

Experience12 hires three new staff in account management

Agency brings in two new account managers and an executive to boost the London-based team.

Voice-activated entertainment systems and first-class cabins with three beds

Voice-activated entertainment systems and first-class cabins with three beds

Case study: Hamburg hosted 20th edition of the Aircraft Interiors Expo in April, full of the latest aviation innovations.

LATEST JOBS