JW Marriott Grosvenor House Hotel on Park Lane in London to be Sold

JLL Hotels & Hospitality Group has been appointed as the sole agent to market one of London's largest luxury hotels, the JW Marriott Grosvenor House Hotel on behalf of the Administrators and the LPA Receivers.

The five-star hotel became the largest hotel transaction in London on record when it sold in 2010.

The historic hotel, located at 86-90 Park Lane overlooking Hyde Park, boasts 494 bedrooms including 74 suites and spans over 56,700 sq. m. in total.

The hotel's conference and meeting facilities are amongst the most extensive in London, comprising 5,660 sq. m. of space across 31 venues, including the Great Room, one of the largest ballrooms in Europe.

It is also home to some of the most famous bars and restaurants in London including the JW Steakhouse & Terrace, Corrigan's Mayfair, the Park Room & Library, Red Bar, Bourbon Bar and Park Lane Market.

The JW Marriott Grosvenor House Hotel underwent a £135 million refurbishment in 2008.

Mark Wynne-Smith, Global CEO, JLL Hotels & Hospitality Group, said, "The iconic JW Marriott Grosvenor House is Mayfair's largest hotel with 494 keys and a gross internal area of some 56,700 sq. m. The last hotel transaction on Park Lane took place 2 years ago and as the market has strengthened since then, we are looking forward to engaging with investors in an open marketing process. The hotel is set apart from its Park Lane hotel peers due to its extensive banqueting facilities, whilst the lease to Marriott International means that we expect the asset to appeal to a broad range of local and global investors."

Designed by acclaimed architect Sir Edwin Luytens of New Delhi, the hotel became one of the first in Britain to introduce en-suite bathrooms and running iced water in each and every bedroom when opened in 1929.

It was built on the site of Grosvenor House, the former London residence of the Dukes of Westminster, whose family name is Grosvenor.