Tuesday, May 18, 2010

Sale of St James's Hotel and Club brings in foreign investors

The St James's Hotel and Club is the latest luxury hotel in London to be generating widespread interest from foreign investors as it goes up for sale.

Situated in a quiet cul-de-sac in Mayfair, the five-star, 60-bedroom hotel, is attracting offers of more than £60m.

Henrik Muehle, the hotel's managing director, said that the property would represent a trophy asset to any investment group.

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