Commenting on the sale, Nick Marsh, executive vice president at Jones Lang LaSalle's Hotels here, noted that the asset was actively sought after by several investors because they, "recognized the potential of the hotel's location, which is in a major infrastructure and transportation development phase. Plans are in place for a new shopping complex, leisure and entertainment facilities, office space and a new tube station."

Although it is one of the newest hotels in the city, the new owner plans to make a substantial investment to enhance its interior. Since opening, the Kensington has received the four silver crown accreditation from the London Tourist Board and has been nominated for a European Hotel Design award.This is the third hotel Lancaster Landmark has purchased in London. The others are the Landmark Hotel in Marylebone and the Royal Lancaster Hotel.

Terms of the transaction were not disclosed.