Docklands hotel offered to highest bidder amid ‘record interest’

A London Docklands hotel that is currently trading as a Hampton by Hilton will go to the best bid, following record levels of interest in the property. 

This comes after joint administrators Ian Corfield and Simon Carvill-Biggs of FRP Trading Advisory Ltd placed the property for sale through Christie and Co.  

The purpose-built, 209-bedroom hotel in the Docklands area of London is close to the ExCeL Exhibition Centre and London City Airport, making it a popular choice for business travellers. 

Each year the ExCeL Centre hosts over 400 events, welcoming 40,000 exhibiting companies and over four million people, providing a substantial boost to the area.

The hotel also benefits from excellent transport links to central London, with the Royal Albert and Prince Regent DLR stations just a short walk away. Custom House station is also close by, connecting the hotel to both the DLR and Elizabeth Line.

Subject to relevant approvals and consents, there is potential to create 10 additional bedrooms, which presents an exciting development opportunity to the new owner and operator.

Expressions of interest are invited on the basis of an acquisition of the existing lease or grant of a new lease with hotel management agreement, subject to all necessary consents and approvals.

Craigh Millward, director of corporate hotels at Christie and Co, said: “We have seen a very high level of interest in this asset which is reflective of the demand from hotel owners and operators for quality assets and the ongoing recovery in the market. 

“This hotel has recovered strongly from the Covid pandemic trading period and offers excellent underlying fundamentals – good critical mass, a purpose-built, branded product with strong cash flow, and additional asset management opportunities. We expect a very positive outcome from the process.”