rosewood london

Hong Kong’s Cheng family has put 306-bedroom Rosewood London hotel for sale for £450m via investment firm CTF Development according to the PropertyWeek report.

Rosewood London, located on High Holborn, is being marketed by Eastdil Secured on an invitation-only basis to a list of up to 20 potential buyers selected by the current owner, according to Property Week. The Cheng family paid £135m for the property in 2006 and in 2013 embarked on an £85m renovation.

It will be sold subject to a management agreement with the Rosewood brand, owned by the Cheng family’s company New World Hospitality, which will continue to operate the hotel.

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