London landmark on the market

A 100-year-old London landmark that could be converted to a hotel is being marketed by the British government.

Savills has been appointed as the sales agent for the leasehold interest in Admiralty Arch in London. Savills Hotel Group’s Marc Magazine will market the iconic building in the United States.

Owned by the British government and currently used as administrative offices, the building is located on the southwest corner of Trafalgar Square and provides an entrance to The Mall, which leads to Buckingham Palace. The 147,300-square-foot structure has seven floors and a basement.

According to Magazine, who is working with Robert Seabrook, the London-based Head of Hospitality for Savills in Europe, the objectives are to respect and protect the heritage of the building now and in the future, enable the potential for public access, ensure awareness of any potential security implications and maximize value for the British taxpayer. He added that the building has generated immediate interest from U.S. investors.

Admiralty Arch was commissioned by King Edward VII as a memorial to mark the reign of his mother Queen Victoria. The Arch was designed by architect Sir Aston Webb.

The building has retained significant cultural importance with generations of the Royal Family passing through the central arch during ceremonial processions, most recently as part of the Royal Wedding route for Prince William.

The Admiralty Arch in London
The Admiralty Arch in London