LONDON—The owners of a famous London hotel have put their freehold interest up for sale for around $343 million, or £200M.
The 400-bed hotel close to and overlooking Hyde Park is a prime London property in a much sought after area popular with tourists' and business travelers. Alex Hayward of Debutesq Group who have listed the hotel said “although the hotel has seen substantial investment over the past two or three years and is enjoying strong occupancy levels, a great deal could be done to improve revenue performance and investment return.”

There are various reconfiguration opportunities which could enhance the property including extending its 135,000 sq ft footprint.

Demand is strong for London hotels with occupancy rates increasing month on month and investor sentiment at its highest since the beginning of the global financial crisis. London has enjoyed a strong return since the recession and with the exception of Paris, is the only European gateway city where hotels are outperforming pre-crisis levels. In 2013, London was the most invested in city in the world in terms of commercial real estate.