UK: Real estate owner Criterion Capital has bought the St Giles London Lodge for a reported £220 million, increasing its West Finish portfolio.
St Giles London Lodge, situated on the intersection of Tottenham Court docket Street and Oxford Avenue, options 732 rooms, three eating places, a bar and on-site on line casino.
Asif Aziz, CEO and founding father of Criterion Capital, was beforehand concerned within the sale of the resort in 1993 to Ravenscroft Investments.
In 2006, Criterion acquired the underground NCP automobile park that sits beneath the St Giles London Lodge. The automobile park was reworked underneath Criterion’s Zedwell brand and relaunched as an underground hotel in 2023.
The acquisition of the St Giles resort reunites the broader website underneath single possession and brings Criterion’s West Finish portfolio to three,700 working resort rooms.
The group has a dedicated pipeline set to exceed 9,000 rooms by 2029.
Highlights:
- Criterion Capital acquires 732-room St Giles London Lodge for £220 million
- Lodge situated at Tottenham Court docket Street and Oxford Avenue, Central London
- Deal reunites resort and underlying automobile park underneath single possession
- Acquisition will increase Criterion’s West Finish portfolio to three,700 rooms
- Group pipeline exceeds 9,000 resort rooms by 2029
