Sale of Holiday Inn Express Ealing completes through Christie & Co
Specialist business property advisor, Christie & Co has completed on the sale of the Holiday Inn Express Ealing, a 3-star hotel located in the West London borough of Ealing to growing hospitality group, Lefar Group Limited.
The Holiday Inn Express Ealing began trading in November 2015 and is operated under a 20 year-term franchise agreement with IHG Hotels Limited. It was the first hotel in the UK to be designed and managed under the Generation IV brand specification, which specifically targets today’s ‘Smart Traveller’.
The chic, design-led hotel is located just 25 minutes from Central London by tube, with easy access to public transport, London Heathrow airport and various motorways, making it the perfect location to provide a city break, paired with great value rooms. The business draws in a strong mix of corporate and leisure guests throughout the week, with higher volumes of leisure bookings recorded over weekends.
The property comprises 80 modern en-suite bedrooms, spread over four floors. There is also a reception area, bar and dining area as well as a lobby and meeting/conference rooms. In addition, planning consent for an additional 28 rooms has been approved.
The new owners, Lefar Group Limited is operated by the Kazemi family. The family are experienced hoteliers who own several hotels in London and a number of commercial businesses internationally. They plan to build out the additional rooms and continue to operate under the IHG brand.
Andrew Evangelou, Director and Head of London Hotels in Christie & Co’s Hospitality team handled the sale and comments, “Following the launch of this impressive hotel to market, we received a tremendous level of interest from both domestic and international buyers. And despite facing real market challenges when marketing the property throughout 2020, due to the COVID-19 pandemic, we are delighted to announce the successful completion of this sale, which underlines how London hotels are still very much in high demand.”
Speaking on behalf of Lefar Group Limited, Leyla Kazemi adds, “Andrew has been most helpful overseeing the entire sales process from start to finish. We would like to thank him for all his efforts in bringing the sale to a successful conclusion.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
Andrew Evangelou, Head of London Hotels – Director
P: +44 (0) 7917 372 426
E: Andrew.Evangelou@christie.com
