Millennium & Copthorne Hotels is set to add to its London portfolio with the purchase the Wyndham Grand London Chelsea Harbour for £65 million. The UK-based company has bough the hotel from Irish development firm Harcourt Developments, Buying Business Travel reports.
The deal is expected to be completed in the first quarter of 2014.
The property is located on the river Thames and is part of the Chelsea Harbour development. It has 154 rooms and four penthouses, as well as meeting space that can host conferences for up to 800 people.
The acquisition increases Millennium & Copthorne’s presence in London to eight properties. The company’s existing hotels include two properties at Chelsea Football Club’s Stamford Bridge ground, as well as the Millennium Hotel London Mayfair and Copthorne Tara Hotel London Kensington.