Savills has been appointed by a private client to bring The London Elizabeth Hotel in the Lancaster Gate area of London to the market. Offers in excess of £42.5m are being sought for the hotel.
The four-star, 52-bed hotel is set over six floors and comprises 33,000 sq ft (3,066 sq m) of space, including the Rose Garden Restaurant offering 40 covers. Included in the sale is a car park to the rear of the property located on Elms Mews.
There are significant development opportunities for the site, including an extension to the existing property. Centrally located The London Elizabeth Hotel benefits from being within walking distance of Lancaster Gate and Paddington stations.
Alex Sturgess, director in the Savills hotels team, commented, “The London Elizabeth Hotel is an excellent opportunity for an investor to acquire a central London hotel that has a host of development options. We are pleased to bring the property to the market on behalf of our client.”