Restaurants | Hotels | Pubs & Bars

FREE Digital Edition of Restaurant magazine now available to view. Click here for free access!

News

Business
Venues
Events & Awards
People
Trends & Reports
Legislation
New Products
All news

News > Events & Awards

News in brief

CBRE places two hotels near Olympic Park up for sale

By Luke Nicholls , 19-Jul-2012

Related topics: Business, Venues, Events & Awards, Legislation, Olympics, Hotels

The 188-room Holiday Inn and the 162-room Staybridge Suites, both situated in the heart of Westfield Stratford City with access to the Olympic Park, have been put up for sale at a combined guide price of around £60m.

The Holiday Inn and Staybridge Suites hotels are located in a single building in Chesnut Plaza next to the London 2012 Olympic Park

The Holiday Inn and Staybridge Suites hotels are located in a single building in Chesnut Plaza next to the London 2012 Olympic Park

The hotels, which opened two months ago under a franchise agreement with InterContinental Hotels Group, are being marketed by CBRE Hotels EMEA on behalf of Patron Capital and Cycas Hotel Partners.

Stratford is set to become London's most exciting new business address and is a part of London with limited existing hotel supply,” said Owen Pritchard, associate director for CBRE Hotels EMEA.

“The legacy of the Olympics for the area is huge and will include five permanent sporting venues, and up to 11,000 new residential units and half a billion square feet of new office space."

The two hotels were built by Westfield and were bought by Patron and Cycas when they were under development in January 2011.

They are situated at the centre of the Westfield Stratford City shopping centre development, which includes 1.9m sq.ft of retail and leisure space, 1.1m sq.ft of offices, housing and community facilities.

Keywords: Patron Capital, Cycas Hotel Partners, CBRE, hotels, Holiday Inn, Staybridge Suites, Westfield Stratford City, Olympic Park, sale, InterContinental Hotels Group

Copyright - Unless otherwise stated all contents of this web site are © 2013 - William Reed Business Media Ltd - All Rights Reserved - For permission to reproduce any contents of this web site, please email Robert Proctor - Full details for the use of materials on this site can be found in the Terms & Conditions

Related Articles on this topic

Latest news in Events & Awards

BigHighlights

Arie van der Spek: Pearls of Wisdom

Arie van der Spek: Pearls of Wisdom

After a long career in the hotel industry, which included a stint with IHG as a chief...
#SocialRestaurant: How to use Twitter effectively

#SocialRestaurant: How to use Twitter effectively

They’re all on it. Big national chains, high-profile chefs and small emerging brands across the UK have...
Business Profile: Kimchee

Business Profile: Kimchee

After the phenomenal success of Holborn’s Kimchee restaurant, Wasabi owner Dong Hyun Kim is bringing Korean food to...
World's 50 Best Restaurants 2013: El Celler de Can Roca video interview

World's 50 Best Restaurants 2013: El Celler de Can Roca video interview

Joan Roca, the co-founder and head chef of El Celler de Can Roca, has told BigHospitality he...
David Connell: Career Profile

David Connell: Career Profile

David Connell is a prime example of good old-fashioned hard work paying off. Having worked at various...

Most Popular News

  1. Restaurants hit back at ‘stupid’ EU olive oil law
  1. BDL and Redefine merger forms UK's largest independent hotel management company
  1. #SocialRestaurant: How to use Twitter effectively
  1. New British restaurant group snaps up two London sites
  1. Little Chef restaurant manager goes solo after site closure

Find us on Facebook

Audio & video news

People on the Move in Hospitality: May 2013
#SocialRestaurant: How to use Twitter effectively
World's 50 Best Restaurants 2013: El Celler de Can Roca video interview

Digital Edition - Restaurant Magazine

Access to the Restaurant Magazine digital edition

Monthly business Magazine of the year

Pub news and property

M&C Report

The Grocer - Grocery retail news

Food manufacturing news

Contact us | About us | Advertise with us | Recommend this Site | Terms & Conditions | Privacy and Cookie Policy | Site map | Feeds

Jobs: Restaurant Jobs | Hotel Jobs | Pub Jobs | Hospitality Jobs

© William Reed Business Media Ltd 2013. All rights reserved. William Reed Business Media Ltd. Registered Office: Broadfield Park, Crawley RH11 9RT
Registered in England N°. 2883992. VAT N°. 644 3073 52.