Monday, May 10, 2010

American and British Investors Acquire London's St. Ermin's Hotel

LONDON, May 10 /PRNewswire/ -- A group of investors including American hotel turnaround specialist Amerimar Enterprises, has acquired the Jolly St. Ermin's hotel in London from N-H Hotels for GBP65 million. Work will begin as soon as all approvals are obtained, to completely transform the Westminster property into a classically elegant, four-star deluxe hotel with contemporary sensibilities. The new St. Ermins will target business and leisure travelers from Europe, the U.S. and around the world.

"The new St. Ermin's will be a premier intimate, independent hotel in the heart of London's political, business and cultural center," said Jon Cummins, Chief Operating Officer of Amerimar. He concluded, "We are eager to introduce a new brand of uniquely elegant luxury to the heart of London, a leading destination for leisure as well as business travelers, offering a complete package of first-class meeting services and amenities sought by corporate meeting planners

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