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InterContinental sells another marquee property: London Park Lane for £400m

Nick Goodway

Photo Credit: Exterior of the Park Lane Hotel in London.  Flickr / UggBoy♥UggGirl

Skift Take

Management fees are quite wonderful, but this current industry trend of focusing on it and shedding real estate -- including prime properties in major cities -- may end in regret.

One of London’s most prestigious hotels was today bought by the Qataris for more than £400 million. The five-star, 13-storey InterContinental London Park Lane was only officially put on the market last month, but after attracting interest “from a number of investors” has been sold for £301.5 mil

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