Alchemi Group

NEWS

5 Strand Sale featured in DealMakerz Publication

Indian Developer snaps up £90m Strand building for Luxury Hotel Conversion

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An Indian property developer has bought a building on London’s the Strand for more than £90 million and revealed plans to turn it into a luxury 200-bedroom hotel.

Currently let as offices to Westminster City Council and retail space to Boots, 5 Strand has been sold by BlackRock UK Property Fund to ABIL Group.

“We intend to build a world-class luxury hotel of about 200 plus rooms and would soon begin the discussions with leading hotel management companies for the brand tie-up,” said Amit Bhosale, managing director of ABIL. “We hope to start the construction of the new hotel at this place by mid next year.”

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Alchemi Group