Latest news
IHI buys £130m Metropole site
By Helen Patenall
The Crown Estate has sold the Metropole building and 10 Whitehall Place overlooking the Thames in London’s West End for £130m.
A consortium led by International Hotel Investments (IHI) – and including Istithmar Hotels and LFICO – proposes to transform the 400,000sq ft (37,160sq m) site into a five-star hotel with 283 bedrooms alongside luxury residential apartments.
Hotel developer and operator IHI operates 15 hotels across Europe.
Alfred Pisani, IHI chair, said: “We are very much looking forward to establishing a presence here in London – as investors, developers and operators of the Corinthia Hotels brand.
“We are excited about our plans for the refurbishment of the Metropole as a luxury hotel, but above all we are eager to becoming part of London’s vibrant hotel community.”
The Crown Estate has sold the Metropole building and 10 Whitehall Place overlooking the Thames in London’s West End for £130m.
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