Host Hotels & Resorts, Inc. Acquires Le Meridien Piccadilly in London for 64 Million pounds Sterling (United Kingdom)
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Host Hotels & Resorts, Inc. Acquires Le Meridien Piccadilly in London for 64 Million pounds Sterling (United Kingdom)
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Category: Europe - United Kingdom - Industry economy -
Group or hotel buyout
This is a press release selected by our editorial committee and published online for free on 2010-07-23
ost Hotels & Resorts, Inc. (NYSE: HST) today announced that it acquired the 266-room Le Meridien Piccadilly in London, England at a purchase price of 64 million pounds, including the assumption of a 33 million pound mortgage. The hotel is located in the prestigious Mayfair district of London, a central location for both business and leisure travelers and offers 12,000 square feet of meeting space as well as a large health club featuring one of the largest indoor pools in the London hotel market.
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