Hong Kong firm Far East sells four-star Dorsett London for US$162 million in what could be British capital’s biggest hotel deal this year

//Hong Kong firm Far East sells four-star Dorsett London for US$162 million in what could be British capital’s biggest hotel deal this year

Hong Kong firm Far East sells four-star Dorsett London for US$162 million in what could be British capital’s biggest hotel deal this year

Hong Kong-based Far East Consortium (FEC) has sold its four-star 267-room Dorsett City London Hotel in Aldgate High Street for £115 million (US$162.1 million), the company said.FEC units Mazuma Holdings and Dorsett Hospitality (UK) agreed to sell the property to Aldgate Hotel Bidco, a unit of US-based Highgate Hotels and Cerberus Capital Management. The sale is likely to give FEC, the largest operator of three-star hotels in Hong Kong, a recorded gain of about £50 million. FEC started operating…

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By | 2021-06-16T23:30:00+00:00 June 16th, 2021|Business|Comments Off on Hong Kong firm Far East sells four-star Dorsett London for US$162 million in what could be British capital’s biggest hotel deal this year