Prince William Hotel in Paddington sold for £15m
The hotel is housed in an 18th Century listed building, which combines Victorian and modern design
Capilon Hotels, in partnership with international real estate investor Awan Group, has acquired the Prince William Hotel, Paddington, in a £15m deal.
Prince William Hotel is a 49 bedroom boutique townhouse hotel located 0.2 miles from London Paddington station.
The hotel is housed in an 18th Century-listed building, which combines Victorian and modern design.
It occupies a corner plot with frontage on both Craven Road and Gloucester Terrace and has recently undergone a £1m refurbishment programme.
Each room has “modern” features, a private bathroom and tea and coffee making facilities.
Alex Sturgess, director in the Hotel Capital Markets team at Savills who handled the sale, said: “We are delighted to complete the acquisition of the Prince William Hotel, a successful and high performing hotel, on behalf of our client.
“The wider area is currently undergoing significant redevelopment and combined with both excellent transport links and proximity to popular tourist attractions, proved extremely attractive.”
