The £280 million agreement was executed through the subsidiary company Copthorne Hotel Holdings. The property is located in a prime area of Kensington and comprises 706 rooms, making it one of the largest hotel units in the district.
According to financial data, the hotel has demonstrated strong demand, with occupancy exceeding 97% in recent months, while its annual revenues surpassed £39 million.
CDL estimates that the investment will generate a current yield of over 6%, emphasizing that the property’s location and scale offer significant prospects for future growth. With this acquisition, the group further strengthens its London portfolio, which now exceeds 3,000 rooms.
The company described the transaction as a “rare opportunity” to acquire an iconic property in one of the city’s most sought-after areas.
