Big city center sales in UK, US

Two city center hotel sales were completed this week in the U.S. and U.K. while the sale of the W Hotel in London is reportedly close.

The Hilton Glasgow Grosvenor Hotel in Glasgow, Scotland sold on Wednesday for US$16 million (£10 million) by the Royal Bank of Scotland to a private investor whose identity of has not been revealed.

The sale is a continuation of the bank’s off-loading of 11 Hilton branded hotels it bought in 2001. Only one, also located in Glasgow, is left to sell.

In the U.S., a 400-room hotel Columbus, Ohio hotel was sold by Hertz Investment Group, Santa Monica, California on Wednesday for US$19.5 million to Driftwood Hospitality Management LLC and Apollo Global Real Estate in a joint purchase.

The hotel has reopened as the Sheraton Columbus Hotel at Capitol Square.

Back in the U.K. Reuters reported on Thursday that a Qatari sovereign wealth fund is close to purchasing the 192-room W Hotel in London’s Leicester Square for US$322 million (£200 million), according to a source involved in the sale.