Hyatt Hotels eyeing up purchase of luxury Grosvenor House Hotel
Hyatt Hotels is considering purchasing the Grosvenor House Hotel in London, after the landmark building was put up for sale earlier this month.
The luxury five-star hotel on Park Lane in Mayfair was previously owned by troubled Indian conglomerate Sahara Grosvenor House Hospitality. However, its lenders called in administrators after it defaulted on a loan, with JLL appointed to handle the sale.
JLL has yet to send out the prospectus to potential buyers. However, New York-listed Hyatt, which already owns the Andaz at Liverpool Street Station and the Hyatt Regency off Bond Street, said it will consider a bid for the hotel.
“We will take a look at the Grosvenor as we look at all potential sites,” Peter Norman, senior vice president for acquisitions and development for EMEA told City PM “But I won’t know until I see the information whether it will work for us,” he added.