RIU Hotels & Resorts, through its UK subsidiary HSF London Ltd, has acquired The Westminster Hotel in London from a consortium of Westmont Hospitality, BHP, and PPF Real Estate for £287 million, marking its second property in the capital and the largest single-asset hotel deal in London since 2021.

Information on the target

RIU Hotels & Resorts has successfully acquired The Westminster Hotel in London, marking its second hotel in the capital. The acquisition was executed through RIU’s UK subsidiary, HSF London Ltd, which purchased the entire issued share capital of Carolia Westminster Hotel Limited for a headline price of £287 million. The previous owners included a consortium of Westmont Hospitality, BHP, and PPF Real Estate, who were advised by JLL during the transaction.

The Westminster Hotel, now rebranded as Riu Plaza London - The Westminster, boasts 464 rooms and is strategically located just one minute from the River Thames and Tate Britain. It is also within walking distance of iconic landmarks such as Westminster Abbey, the Houses of Parliament, and Big Ben. Originally constructed in 2003, the hotel underwent a comprehensive renovation in 2021, joining the Curio Collection by Hilton prior to its acquisition by RIU.

Industry overview in the target’s specific country

The UK hospitality market has shown resilience and adaptability in the face of recent challenges, including the pandemic. London, as a global travel hub, continues to attract millions of visito