Constellation Hotels considers selling Berkeley and Connaught hotels
Constellation Hotel Holdings Limited, a Qatar-based hotel company, is thinking about selling The Berkeley hotel and The Connaught hotel in London, UK, the Irish Independent reported. The article cited a report in the Estates Gazette trade journal for the information.
Constellation is sounding out potential buyers for an off-market sale with a GBP 750m (EUR 948m) asking price, the newspaper said.
Estates Gazette also reported that Constellation is also thinking about selling The Connaught, also based in London, according to the Irish Independent item. The article mentioned an asking price of about GBP 350m for The Connaught.
The hotels are managed by the Northern Ireland-based entrepreneur Paddy McKillen, the report noted.
Irish Independent, Estates Gazette