US firm acquires London’s Grosvenor Hotel
London – 10 July 2017 –
One of the world’s most iconic assets, The Grosvenor House Hotel in London, has been acquired by US real estate firm Ashkenazy Acquisition in what constitutes the most significant single asset hotel deal in UK history. Financial terms were not disclosed.
Ashkenazy has one of the largest portfolios of iconic assets in the US and this acquisition reflects a continued aggressive focus from Ashkenazy to deploy, over the next 24 months, an additional 2 billion euro of equity in acquiring global iconic assets.
The Grosvenor House Hotel opened in 1929 on the site of Grosvenor House located on Park Lane, Mayfair.