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Two Croydon hotels changing hands

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Two Croydon hotels are changing hands it was announced this week.

The Hilton in Purley Way is among ten hotels being sold off by Vincent Tchenguiz’s Consensus Business Group for around £600million.

The property tycoon has instructed Savills and JLL to market the portfolio, which also includes the 603-bedroom Kensington Hilton.

Meanwhile Dalata has sold the company which was leasing the Croydon Park Hotel in London after the hotel made a loss of £20,000 during the first half of the year.

Dalata received approval from the Competition and Consumer Protection Commission in January 2016 to acquire the leasehold interest of four hotels, including Croydon Park, in a deal valued at €40 million.

The other hotels were the Gibson Hotel in Dublin, the Clarion Hotel in Cork and the Clarion Hotel in Limerick.

The leasehold interest comprised of operating leases with an average term of 18 years outstanding.

Following the sale of Kasterlee UK, which was leasing the hotel, Dalata deputy chief executive Dermot Crowley said: “I would like to thank the management and staff of the Croydon Park Hotel for

The hotel made a loss of £20,000 in the six months to end of June 2017.