Shiva Hotels has sold Hilton London Heathrow Terminal 5 to investment group Scala Capital Partners for an undisclosed price.
The long leasehold asset is situated on a 12.5-acre site and is a franchise of Hilton’s core brand. The hotel has 350 bedrooms, as well as amenities including a fitness centre, spa, and multiple food and beverage outlets, along with 460 car parking spaces with electric vehicle charging points.
Established in 2001 by Rishi Sachdev, Shiva Hotels is a privately owned hotel group.
JLL advised Shiva Hotels on the sale.
What they said
Morris Katri, CEO of Scala said: “We are excited to embark on this strategic acquisition which following a focussed asset management programme will strengthen its position in serving the airport and the local market.”
Sachdev said: “This sale supports our strategy to focus our attention on the Central London luxury hotel sector over the coming years.”
Rekha Toora, senior vice president, EMEA Hotels Capital Markets at JLL said: “Despite changing global headwinds, investor appetite for strategic acquisitions in the UK remains strong and the sale of Hilton Heathrow Terminal 5 is a great example of this. The purpose-built hotel offers multiple levers of value to the incoming buyer in a sub-market which has now achieved a full recovery of 2019 year to date RevPAR.”