Property
Two Hilton hotels set to fetch £700m
Two of the UK’s largest conference and exhibition hotels have been put on the market for a combined price of £700m, it has been reported.
The 1,059-bedroom Hilton London Metropole and its sister hotel – the Hilton Birmingham Metropole – are to be put on the market by property investment company Tonstate Group, according to The Times newspaper.
The properties, which feature extensive conference facilities, are reportedly being marketed by CBRE Hotels, although the estate agent told Hotel Owner it was unable to comment on the story.
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The London Hilton Metropole near Paddington is the largest Hilton-operated hotel in Europe, while the Birmingham Metropole is part of the city’s NEC exhibition complex which hosts shows such as crufts.
