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Case Study

Prime London W1 Mayfair Hotel sold

​​​JLL were appointed to sell the Marriott Hotel Grosvenor Square on behalf of owners Strategic Hotels & Resorts. The hotel, which is located just metres away from London’s retail and business precincts of Oxford Street, Park Lane, Regent Street, Bond Street and Berkeley Square, was sold with the benefit of a long term management agreement to Marriott for £125.1 million. The West End hotel offers extensive conference and private dining facilities and is home to Gordon Ramsay’s Michelin starred restaurants Maze and Maze Grill. 

The sale represented yet another vote of confidence in the London hotel investment market, and successfully completed Strategic Hotels & Resorts’ objective of exiting the asset.​

The sale process attracted over a dozen offers from investors who are still seeking to place capital in to London hotel real estate. Both Asian and Middle Eastern investors remain the most eager.