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Posts Tagged ‘St James Court Hotel’

Bird Hospitality Group acquires luxury hotel in London

Monday, April 11th, 2011
Royal Park Hotel London

Bird Hospitality Group has acquired a luxury hotel in London, Royal Park Hotel London. The hospitality company has given the management rights of the hotel to US-based Interstate Hotels and Resorts.

“London is an evergreen and stable market. The returns are good and the property adjusted well with our brand,” said Ankur Bhatia, Executive Director, Bird Group. He refused to give the value of the deal, but said the group was planning to invest $400 million on expansion in India and the UK. The company is planning to acquire more such properties in the luxury space.

This is not the first time that an Indian company has acquired a hotel in London. In December 2010, Sahara India Parivar had acquired Grosvenor House hotel from The Royal Bank of Scotland Group in London at £470 million (Rs 3290 crore)—the largest acquisition deal for an Indian company in the hospitality sector. Also, the … Read the rest

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