Hospitality Acquisition

A buyer, whose identity has not been disclosed, has purchased Morley House, a significant hotel development site at 26-30 Holborn Viaduct in London, from H.I.G. Capital for £250 million. The site has approval for a 274-room hotel, featuring an 11-storey building with a rooftop bar. This deal underscores the strong investor interest in premium hotel projects in central London.