Kensington Close hotel put on the market for £350m

Kensington Close hotel, one of the largest hotels in London, has been put on the market for a fee believed to be around £350m.

The 708-bedroom hotel, which is located close to Kensington High Street, is being sold by Cola Holdings – owned by businessman Bakir Cola.

According to the Times, Savills and CBRE have been appointed to sell the hotel after Mr Cola acquired the freehold to the property back in 2002 for £70m from InterContinental Hotels Group.

The property underwent a £45m refurbishment in 2012 to modernise the property’s bedrooms and its 12 meeting rooms. It now features a restaurant, bar, health club, spa, swimming pool, gym and conference rooms.