Royal Bank of
The bank has sold the four-star hotel’s long leasehold to a company, which is understood to be controlled by investor Gulshan Bhatia.
Bhatia owns a raft of hotels including the Waldorf Hilton on Aldwych, London WC2.
CB Richard Ellis Hotels, which advised RBS, said: “This investment opportunity occupies a strategic location close to the M1 motorway, provides attractive growth prospects and is advantaged by its performance based rent.”
annabel.dixon@estatesgazette.com
