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).
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The Hoxton.
Situated in one of London's most vibrant areas, the 208-bedroom property is renowned for combining the design values and high levels of customer service of an upmarket boutique hotel sector with value-for-money pricing. This positioning, supported by innovative marketing such as 'room for £1' offers, has ensured exceptional levels of occupancy, averaging over 95%. The hotel's bar and restaurant, The Hoxton Grill, operated by the Soho House Group, has established itself as a fashionable destination in its own right.
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
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
