The 183-bedroom hotel is available free and clear of the current Qbic Hotels branding, on a leasehold basis, marking a “unique” opportunity to enter the London hotel market at scale.
The site benefits from its location close to the Square Mile, near the Aldgate East Underground Station and several tourist attractions.
The property is said to be surrounded by “some of the city’s best street food, cafes and restaurants, art galleries, niche shops and nightlife within the bustling districts of Whitechapel and Spitalfields”.
Additional hotel facilities include Motley Bar and Restaurant, as well as a range of meeting rooms, co-working spaces, and a car park with electric vehicle charges.
The Qbic London City is also renowned as London’s leading eco-friendly green hotel. From the design of the hotels’ green energy systems including solar panels, sensor lights through to its water-saving initiatives and re- purposing of much of its FF&E, the hotel has been a pioneer in meeting its customers green energy demands and has secured an EPC ‘A Rating’ as a result.
Andrew Evangelou, director and head of London Hotels at Christie and Co and who is handling the sale, said: “The sale of the Qbic London City presents a unique opportunity to acquire a pioneering eco-friendly hotel close to the City of London and within walking distance of some of London’s trendiest bars, restaurants and clubs.
“We are certain this vibrant hotel will generate high levels of interest from both domestic and overseas buyers, given the demand we have seen for hotel assets to date this year. So far in 2020 our team has achieved 45 exchanges and completions across the UK with aggregated sales proceeds in excess of £55m.”