Capilon Hotels, in partnership with international real estate investor Awan Group, has completed the acquisition of the Prince William Hotel in Paddington, London, for £15m.
The 49-bedroom boutique townhouse hotel occupies a corner plot with frontage on both Craven Road and Gloucester Terrace and is located just 0.2 miles from London Paddington Station. It recently underwent a £1m refurbishment programme.
Alex Sturgess, director in the hotel capital markets team at Savills, which acted on behalf of the buyer, said: “We are delighted to complete the acquisition of the Prince William Hotel, a successful and high performing hotel, on behalf of our client. The wider area is currently undergoing significant redevelopment and combined with both excellent transport links and proximity to popular tourist attractions, proved extremely attractive.”
