Singaporean consortium purchases Crowne Plaza in Kensington for £84.3 million

The Crowne Plaza in London Kensington has been sold for £84.3 million to a Singaporean consortium. Redeveloped in 2015, the luxury hotel is comprised of 163 en-suite bedrooms, a restaurant and bar, conference and events facilities and a gym.

Made up of developer Heeton Holdings, contractor KSH Holdings and construction firm Ho Lee Group, the prestigious consortium acquired the site through a share sale and purchase agreement with LC London.

Heeton now holds a 60% stake in the hotel while KSH and Ho Lee hold 20% each.

According to chief executive of Heeton, Eric Teng, “This acquisition reaffirms Heeton’s intention to be a strategic player in the international hospitality sector.”

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