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Two landmark UK Hilton hotels get new owners

Hilton London MetropoleReal estate investment company Henderson Park has just announced the purchase of two landmark Hilton hotels in the UK. The hotels in question are the 1,059 guestroom Hilton London Metropole in the Paddington area of the capital and its sister 790-room establishment in Birmingham.

The two hotels are among the biggest in the UK and were first offered for sale by the Tonstate property group in January 2016. The asking price was around the £700 million mark. Unconfirmed rumours circulating at present claim Henderson Park is paying £500 million.

Although ownership will be changing at the two hotels, Hilton will still be managing them. Henderson Park was set up last year by Nick Weber, a one-time executive at Goldman Sachs. Since the founding, the company has splashed out on the acquisition of Paris’s biggest hotel, Le Méridien Étoile, and The Ledra, a five-star premises in Athens.

The total cost of the two previous buys and the UK ones is around £1 billion. The two UK Hiltons are the flagships of the UK’s conference hotels. Rating them by conference attendee capacity, the London premises is the biggest in the capital city and the Birmingham one is the biggest in the country.

Commenting on the new acquisitions, Nick Weber said all at Henderson Park were delighted to be taking on the two iconic conference and accommodation facilities. He added that with an efficient management team at the wheel, the two properties would only appreciate in value.

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