London, UK – Grosvenor Kensington Hotel – London
Overview: Acquisition Due Diligence of the former Grosvenor Kensington Hotel in London.
Horwath HTL Solution: Horwath HTL Hungary has been commissioned to find a hotel asset to be acquired by a high-profile Russian investor. Following long investigation of dozens of properties, the Grosvenor Kensington Hotel was selected. Subsequently, we have prepared for the buyer a due diligence report to support his decision about the acquisition of the Grosvenor Kensington Hotel in London. The objective of our engagement was to provide the investor with information and assist in the assessment of the risks and opportunities of the respective acquisition. Following a full renovation and extension of the property, it re-opened as The Ampersand in London, a very successful boutique hotel, a hit since its opening.
Status: Assignment completed in 2011, transaction was completed, hotel was converted into an upscale property