Queensway and Clearbell acquire the Sloane Club

 

Date: November 2017

Location: London, UK – Sloane Square

Name: The Sloane Club, four star

No. of keys: 130

Seller: Caledonia Investments, owners since 1991, advised by Savills

Buyer: Queensway Group, who will manage the Club, in partnership with Clearbell Capital fund (finance)

Price: £80.6m

Price per key: £620,000

THPT Comment: Great buy for Naushad Jivraj, chief executive of Queensway Group, which started life in 1973, with some modest low-budget hotels and now has several hotels worldwide under various brands including Accor – Ibis Styles, in Nairobi and the Montagu Place hotel in London Marylebone and recently rebranded the 7 Tune UK hotels to Point A. The Sloane Club has long been a members club, with accomodation and it is good to hear that Queensway and Clearbell both state that they will respect the heritage in any future refurb and management style.

First seen: The Caterer