Cumberland sold to Starwood and L&R in Europe’s largest deal this year

Starwood Capital and London and Regional have bought the
1,000-room Cumberland
Hotel at London’s Marble Arch in a deal estimated at
£215m.

The
joint venture has bought the hotel from Royal Bank of Scotland in what is believed to be the largest
hotel deal in Europe this
year.

The
hotel had previously been under offer to its operator Guoman, but the deal fell
through.

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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