Copthorne Hotel Holdings Limited, a wholly owned subsidiary of Singapore-based City Developments Limited (“CDL”) has acquired 706-key Holiday Inn London – Kensington for GBP280 million from UK-based Cola Holdings. This translates to approximately GBP396,600 per key. The freehold property occupies a 6,356 square metres (“sqm”) site and offers three F&B outlets, a swimming pool, fitness centre, spa and thirteen meeting and event spaces. Situated at Scarsdale Place, it is a 2-minute walk from Kensington High Street and a 4-minute walk from High Street Kensington tube station. The newly acquired property is located just next to the 833-key Copthorne Tara Hotel London Kensington, which is operated by Millennium & Copthorne Hotels Limited. With this acquisition, CDL’s hotel portfolio in London will grow to more than 3,000 rooms.
