Gresham puts Park Inn Hyde Park up for sale

  The Gresham Hotel Group has put the Park Inn Hyde Park, W2, on the market for over £35m.   The hotel group has decided to sell the 188-bedroom listed building after the number of enquiries it received to buy the freehold increased in recent months.   Patrick Coyle, chief executive of Gresham Hotel Group, said: “As we continue to focus on our group of Irish and continental European hotels we see this therefore as a perfect opportunity to conduct a structured sales process of our London asset.”   Jeremy Hill, Christie + Co’s head of hotels, said: “Having just completed on the sale of the Park Inn Russell Square, WC2, we have a large number of UK and international buyers desperately keen to secure a central London hotel.   “Rezidor’s management of the Park Inn Hyde Park will encourage interest from those buyers looking to invest in a hotel with a global operator in place.   “Those buyers looking to reposition the hotel and capitalise on the various development scenarios will also be excited by this substantial opportunity.”   annabel.dixon@estatesgazette.com