Real estate investment company Aprirose has acquired the Hampton by Hilton London Docklands hotel for £35m.
This will be the first management contract undertaken by Aprirose, which has appointed Redefine BDL Hotels (RBH) to manage the property.
The London Docklands hotel is currently under development and is expected to be completed early this year.
Set in a seven-storey building, the hotel has 209 bedrooms. It is being renovated as part of the Royal Docks development plan which will transform the area into London’s third business district.
Manish Gudka, CEO at Aprirose, said: “The Hampton by Hilton is a very exciting acquisition for Aprirose as we undertake our first hotel management agreement.”
Andrew Robb, chief business development officer at RBH, added: “We are delighted to engage in our first hotel management agreement with Aprirose and excited that the Hampton by Hilton London Docklands will be our first hotel opening in 2017.”