Compass sells two London hotels to L&R Properties
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Compass sells two London hotels to L&R Properties

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The Compass Group has sold another two properties in its Forte hotels auction, completing the sale of the four-strong London Signature brand for a total consideration of £315m. London and Regional Properties bought the 785-bed Strand Palace hotel and the 919-bed Regent Palace hotel, both in central London, for £105m. The hotels will remain unbranded despite being managed by the Hilton Group. Meanwhile, Compass' Posthouse, Heritage and Méridien brands are still up for auction, with frontrunners rumoured to be Bass and US operator, Marriott. However, the latest name linked with the auction is the Macdonald Hotels group, said to be backed by a number of Scottish institutions.

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The Compass Group has sold another two properties in its Forte hotels auction, completing the sale of the four-strong London Signature brand for a total consideration of £315m.
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