Rosewood London has been put up for sale for an undisclosed price, according to reports from Bloomberg.
It comes as the owning Cheng family is facing liquidity challenges at debt-laden Hong Kong property group New World Development Co.
CTF Development, the holding company which owns the hotel, itself owned by the Chengs previously tried to sell the hotel in 2016, when it was valued at £450m.
A spokesperson at Rosewood Hotel Group told Bloomberg that the company wouldn’t comment on ownership matters, but said its brands are not up for sale and all its properties remain fully operational as usual. Chow Tai Fook Enterprises, the private investment arm of the Cheng family, didn’t respond to Bloomberg’s request for comment.
The Cheng family paid £135m for the property in 2006 and in 2013 embarked on an £85m renovation to transform it from what was the Chancery Court hotel.
The Rosewood London currently features 264 bedrooms, 44 suites, 11 event spaces and the Holborn Dining Room restaurant. Built in 1914, the grade II-listed building was the headquarters of the Pearl Assurance Company, which occupied it until 1989.
The property opened as a hotel in 2000 as the Renaissance Chancery Court, under the management of Marriott. It ended its association with Marriott in June 2011 and has since been managed by its owner. The formerly US-owned Rosewood brand has expanded across Europe since the Cheng family acquired it in 2011.
