JLL advises on 732-bedroom central London hotel transaction
News release
17 December 2025
IGB completes £220 million sale of St. Giles London Hotel
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IGB Corporation Berhad has successfully completed the sale of the St. Giles London Hotel for £220 million, representing £300,000 per key. The Malaysian corporation divested the 732-bedroom landmark hotel to Criterion Capital with JLL acting as exclusive sell-side advisor throughout the transaction process.
Following over three decades of ownership since 1994, IGB moved to capitalise on strong investor appetite for vacant possession opportunities with secular tailwinds in the capital. The sale represents one of the year's most significant hospitality transactions for the UK.
Situated on an island site at the crossroads of Oxford Street and Tottenham Court Road, the Hotel sits one block west of the British Museum, just south of University College London, and borders Soho and Covent Garden, benefitting from an optimal balance of corporate and leisure transient business.
Christopher Exler Hotel Capital Markets at JLL, commented: "St Giles London is an incredible piece of real estate given its scale and forward upside in a Triple-A location – there’s really nothing like it. The asset’s repositioning potential within the select service segment and amidst Central London’s supply constraints is exciting and we’re thrilled to have advised on this milestone transaction."
JLL's London-based hotel capital markets team advised on the transaction, including Will Duffey, Christopher Exler, and Leon Somers.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.