BNP sells Kensington hotel for private client

By David Parsley2022-03-07T09:34:00

BNP Paribas Real Estate has sold The Exhibitionist hotel in South Kensington, London, on behalf of a private trust client for £10.6m to an undisclosed buyer.

The 37-bed freehold boutique hotel on Queensberry Place was sold for 15% over asking price, reflecting a net yield of just over 2%. It is the first time the freehold of the property has been sold for over 75 years.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Register for free to finish this article.

Four FREE articles of your choice per month
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue