Shiva Hotels

Shiva Hotels is a privately owned United Kingdom based hotel group founded in 2003[1] by former Lehman Brothers derivatives trader Rishi Sachdev.[2]

History

In 2013 the company purchased the Millennium Bridge House hotel from American private equity firm The Carlyle Group, for £87.6m.[3]

In 2014 the company purchased the Kingsway Hall Hotel for £96m.[4]

In February 2015 it was reported that the group had placed two Ramada hotels it owned up for sale for £22m free of any brand tie.[5]

In October 2015 it was reported that the group was developing four unbranded luxury hotels in central London.[2]

In 2016 it acquired the site of the Welbeck Street Car Park for redevelopment as a hotel[6] after Historic England decided not to register the structure as a listed building.[7][8]

References

  1. ↑ "Hilton hotel sell-off - The Times".
  2. 1 2 Gerrard, Neil (October 9, 2015). "Shiva Hotels to sell four Hilton hotels for £270m". The Caterer.
  3. ↑ "Shiva Hotels Spends £87.6m on London Hotel in its Search for Landmark Properties - Hotel Business".
  4. ↑ Davis, Tom (15 October 2014). "Shiva Hotels announces acquisition of London's Kingsway Hall Hotel - Hotel Owner".
  5. ↑ "Hotel Analyst - Double blow for Ramada as Shiva sells".
  6. ↑ West End car park sold to make way for a £600m hotel. Rhiannon Bury, The Telegraph, 25 February 2016. Retrieved 26 November 2016.
  7. ↑ £600m value put on latest West End car park conversion. Chris Berkin, Estates Gazette, 29 August 2015. Retrieved 26 November 2016.
  8. ↑ London car park of "sublime beauty" at risk of demolition. Amy Frearson, dezeen, 26 Febraury 2016. Retrieved 26 November 2016.
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