06. August 2012 Print
Ascott aquires Cavendish Hotel for £159 million
Aquisition of The Cavendish London increases Ascott’s central London portfolio to seven properties. The hotel transformation and rebranding will mark the expansion of the Ascott brand in London and enhance the company’s presence in Europe where it currently manages over 5,000 units across 45 properties in 20 cities.
The Cavendish London is well-located - on Jermyn Street in the St James’s area of Mayfair - for business or leisure. The hotel comprises 230 rooms.