‘London’s biggest hotel deal this year’ completes as Dorsett City London Hotel is sold for £115m

The sale has been dubbed ‘London’s largest hotel deal this year to date’ and sees new owners Cerberus Capital Management and hospitality management and investment firm Highgate take over the 267-bedroom hotel.

The transaction was first announced on 15th June 2021 and has resulted in a sizable disposal gain of approximately £50m.

DHI Hotel Management UK Ltd, a wholly-owned subsidiary of FEC, has entered into a hotel management agreement with Dorsett City London Limited, operate the hotel.

Ms. Winnie Chiu, JP, executive director of FEC, president and executive director of Dorsett Hospitality International Limited said: “We are pleased to have completed the sale in a short period of time. We are confident about the recovery of the hotel business in the foreseeable future and remain committed to recycling capital to further expand our footprint worldwide as well as becoming a leader for sustainable travel.”