JLL advises Shiva Hotels on sale of Hilton London Heathrow Terminal 5

JLL has advised Shiva Hotels on the successful sale of the Hilton London Heathrow Terminal 5 to investment group Scala Capital Partners.

Strategically located at the UK’s largest international airport which handled 91m passengers in 2019, the long leasehold asset is situated on a large 12.5-acre site and is a franchise of Hilton’s core brand. The hotel features 350 well-appointed bedrooms, a broad range of amenities including a fitness centre, spa, and multiple food and beverage outlets including award winning restaurant Mr Todiwala’s Kitchen along with 460 car parking spaces with electric vehicle charging points.  

Morris Katri, CEO of Scala said, “We are excited to embark on this strategic acquisition which following a focussed asset management programme will strengthen its position in serving the airport and the local market.”

Established in 2001 by Rishi Sachdev, Shiva Hotels is a privately owned hotel group. Rishi added, “This sale supports our strategy to focus our attention on the Central London luxury hotel sector over the coming years.”

Rekha Toora, Senior Vice President, EMEA Hotels Capital Markets at JLL said, “Despite changing global headwinds, investor appetite for strategic acquisitions in the UK remains strong and the sale of Hilton Heathrow Terminal 5 is a great example of this. The purpose-built hotel offers multiple levers of value to the incoming buyer in a sub-market which has now achieved a full recovery of 2019 year to date RevPAR.”