Hyatt set to buy Great Eastern Hotel for £150m
Hyatt Corporation is reportedly set to buy the Great Eastern Hotel in London for an estimated £150m.
Conran Holdings and Wyndham International – who run the hotel’s four restaurants and five bars, respectively – jointly own the 267-room Grade II-listed hotel. It is likely that Conran will continue to run the restaurants, thereby retaining a stake in the hotel.
It is unclear whether the privately-owned, US-based hotel group Hyatt has a financial partner lined up to buy the property or whether it would buy the hotel and then sell the property assets. All parties have declined to comment. Details: www.hyatt.com
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