Edward Wojakovski’s private company Tonstate Group this week completed the purchase of two Hilton Metropole hotels in London and Birmingham.

Hilton Hotels Corporation, the American hotel operator, agreed the sale for around £417m and will continue to manage the hotels.

The 1,054-bedroom Hilton London Metropole on Edgware Road and the 794-bedroom Hilton Birmingham Metropole were sold by Christie & Co and CB Richard Ellis Hotels advised Tonstate.