• Olympic hotels sold to Patron jv

A joint venture between Cycas Hotel Partners and Patron Capital has bought the long-term leasehold rights for two hotels in Stratford, East London, for an undisclosed fee, reported to be around £50m.

The two hotels will be branded as Holiday Inn and Staybridge Suites, and will open prior to the Olympic Games. Josh Wyatt, director of hospitality at Patron Capital, said: "The project represents a prime opportunity to own and operate a large scale hotel scheme in London. East London is set to become a major new centre for business and retail, which should receive global attention in 2012."

See the full story here:

Share →