Singaporean investor City Developments Limited (CDL), through its wholly-owned subsidiary Copthorne Hotel Holdings Limited, has acquired the four-star, 706-room Holiday Inn London Kensington High Street in the UK from Cola Holdings, the property investment vehicle of the Cola family, for £280 million (£396,600 per room). The property is situated in West London near major attractions such as the Royal Albert Hall and the Victoria and Albert Museum. The hotel includes a restaurant, bar, 13 meeting rooms and a spa with pool. This is CDL’s sixth hotel in London, and one of its existing properties – the 833-room Copthorne Tara Hotel London Kensington – is located adjacent to the newly acquired Holiday Inn. Cola Holdings’ Westbury Hotel in Mayfair has been closed since 2022, with its complete renovation, originally expected to cost £90 million, now due for completion in 2026 when it will re-open as a luxury St Regis hotel.
