Deka Immobilien has bought the Ruby Zoe hotel in London’s Notting Hill Gate for €62m (£52.9m).
It will be added to the portfolio of the open-ended real estate fund Deka‑ImmobilienMetropolen.
The former retail and residential block was redeveloped into a 173-bedroom four-star hotel in May last year. The scheme was delivered by Frogmore, alongside co-investment partner Morgan Stanley, and forms part of a wider redevelopment scheme known as Notting Hill Gate Estate.
The building is on track to be certified as BREEAM Very Good.
Ruby Hotels is a Munich-based company that operates as Lean Luxury. The Ruby Zoe is the firm’s second hotel in London.
CBRE advised Deka on the deal.
Photo from Ruby Hotels
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