The Hoxton Hotel, the multi-award-winning Shoreditch hotel launched in 2006 by Pret a Manger founder, Sinclair Beecham, is to be marketed through Knight Frank with a guide price of £70 million (approx. 80.3 million).
Sinclair Beecham commented: "With The Hoxton, we have demonstrated that quality does not need to be expensive and can also be highly profitable. Now is the appropriate time for the original investors, who had the vision to back this concept, to seek an exit and for new owners to take the hotel forward".
Philip Newborough, Chief Executive of Bridges Ventures, commented: "The Hoxton Hotel is a hugely successful venture which has established a worldwide reputation since it opened in 2006. It has also contributed significantly to the regeneration of what was one of London's most deprived areas and we hope it will continue to do so under new owners."
Dominic Mayes, Head of Hotels at Knight Frank, commented: "We are excited to be handling the sale of what is an iconic and highly profitable hotel. We are confident that there will be considerable interest from a range of interested parties, including traditional hotel funds, international private investors and hotel operators looking to establish an immediate high-profile presence in London."
Source: Knight Frank