Tuesday, August 31, 2010

Berners hotel in London for sale for £60m

The vacant 193-bedroom Berners hotel in London has been put up for sale, for a price in excess of £60m, after being placed in administration.

Currently closed for refurbishment, the interior is yet to be completed, providing the new owner with the opportunity to customise the final design of the hotel which is situated close to Oxford Street.

Jane Moriarty and James Tucker, of KPMG, were appointed joint administrators of the hotel in August. The property was owned by JJW Hotels & Resorts which also owned the Eton Collection of seven boutique hotels, which was placed into administration earlier this year.

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