19 Old Park Lane
19 OLD PARK LANE, W1

VALUE
£70 million / NIY – 2.42% / £686,275 per key

AREA
102 out of 144 rooms
 
PURCHASER
Strathclyde Pension Fund (c/o DTZ investors)
 
VENDOR
Genting Casinos UK

CBRE’S ROLE
Disposal

DESCRIPTION
CBRE were instructed by Genting Casinos to dispose of the rare freehold interest of the majority of the five star hotel COMO Metropolitan Hotel, Nobu restaurant and Colony Club Casino, overlooking Hyde Park.

CBRE’s Central London team worked collaboratively with CBRE Hotels to provide expert advice in undertaking a global marketing campaign and securing a premium price for the client.