Hyatt Hotels has been tipped as a potential bidder for the Grosvenor House Hotel in London.
New York-listed Hyatt, which already owns the Andaz at Liverpool Street Station and the Hyatt Regency off Bond Street, is to consider a bid for the five-star property on Park Lane.
“We will take a look at the Grosvenor as we look at all potential sites,” Peter Norman, senior vice president for acquisitions and development for EMEA. told City AM.
“But I won’t know until I see the information whether it will work for us.”
The Grosvenor House was put up for sale earlier this month. The hotel was previously owned by troubled Indian conglomerate Sahara Grosvenor House Hospitality.
Its lenders called in administrators after it defaulted on a loan, with Jones Lang LaSalle appointed to handle the sale.
JLL has yet to send out the prospectus to potential buyers.
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