Ten hotel properties operated under the Edwardian Group have been acquired by Starwood Capital Group for an undisclosed sum. The stable of Central London-based accommodations comprises 2,053 rooms.
The collection includes Radisson Blu Edwardian -Hampshire Hotel, -Mercer Street Hotel, -Bloomsbury Street Hotel, -Berkshire Hotel, -Kenilworth Hotel, -Grafton Hotel, -Vanderbilt Hotel, -New Providence Wharf Hotel, -Heathrow Hotel & Conference Centre, and -Sussex Hotel.
The newest property to join the Edwardian Group is The Londoner which debuted in September 2021 in London’s Leicester Square. Under the agreement, Edwardian Group will continue to own and operate The Londoner and its two Radisson Collection hotels, The May Fair and The Edwardian Manchester, following closing of the transaction.
Alongside the acquisition, Starwood Capital and Edwardian Group intend to collaborate on future opportunities together. As part of this relationship, Edwardian Group will continue to operate the portfolio on a transitional basis while Starwood Capital plans its future investment into the hotels.
The acquisition adds to Starwood Capital’s existing portfolio of European hotel investments, which following the transaction will comprise 47 hotels / some 10,000 rooms across Europe.
Tim Abram, Managing Director at Starwood Capital, said: “London is one of the world’s most sought-after hotel markets, and this portfolio enables to us gain exposure on a unique scale to London. We plan to invest significant capex during our ownership into further enhancing the hotels.”
Inderneel Singh, CEO of Edwardian Group, said: “Following the successful development of The Londoner and a period of strong trading across the portfolio, the sale represents an opportunity to refocus the group and position it for the next chapter of growth.”
“Our three landmark properties – The Londoner, The May Fair Hotel, and The Edwardian Manchester – each mark our continued commitment to invest in and deliver distinctive experiences for guests in high-end, purpose-built, city-centre hotels.”
Hotel brands operated under Starwood Capital Group include 1 Hotels, Baccarat Hotels, Treehouse Hotels and the SH Collection.
In Australia, the Edwardian Hotels are represented by Sarah Whitty.