Casino giant Genting has bought the Park Lane Mews hotel in Mayfair, W1, from Chelsfield Partners.
The group paid Sir Stuart Lipton’s and Elliott Bernerd’s property company around £45m for the boutique hotel.
Genting, which was bought by Genting Malaysia last October, is expected to extend the 72-bedroom Stanhope Row property. The chain operates five casinos in London and has a further 38 across the UK.
Elsewhere in the capital, hotelier Ali Farhani is selling the long leaseholds to the Knightsbridge Green hotel and Tophams hotel at 24-32 Ebury Street, both SW1, for around £35m. The hotels have 42 and 70 years left on their leases respectively.
Knight Frank and Jones Lang LaSalle Hotels are advising on Knightsbridge Green; KF and Colliers International are acting on Tophams; Edward Symmons advised Park Lane Mews.
annabel.dixon@estatesgazette.com
