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UK: Real estate investment, development and asset management firm RE Capital has sold the Ruby Stella hotel in London to LaSalle Investment Management for £48 million.
Located on Eyre Street Hill in Farringdon, Ruby Stella is a purpose-built hotel with 153 rooms and ground-floor restaurant, bar and courtyard terrace. The hotel has also achieved an ‘Excellent’ BREEAM rating with an EPC rating of A6.
It marked the 20th European hotel to open under Ruby when it launched in November 2024.
Luke Dhanoa, head of UK asset management, RE Capital UK, said: “We are proud to have delivered the Ruby Stella Hotel, a thoughtfully designed, highly sustainable asset that reflects our values of quality, integrity, and long-term vision. Working with Ruby Hotels has been a pleasure, and we’re confident the project will continue to flourish under its new ownership. Our thanks also go to Savills for their valuable advisory role in this transaction.”
Richard Dawes, director at Savills hotel capital markets, said: “We are delighted to have acted for RE Capital on the sale of the Ruby Stella for £48 million. The property’s long-term lease to an institutionally trusted operator made it an attractive proposition for investors. The Ruby Stella is exceptionally positioned to offer robust returns backed by its location, outstanding sustainability credentials and ‘lean luxury’ offering. Congratulations to LaSalle on their acquisition.”
Gavin Vollans at Katten Muchin Rosenman LLP advised RE Capital. Pedro Milborne at Constantine RE and Gowling WLG advised LaSalle.
Highlights:
• The Ruby Stella hotel located in Farringdon, London, has sold for £48 million to LaSalle Investment Management.
• It features 153-rooms, a restaurant and a bar, and has achieved BREEAM Excellent rating.
• The purpose-built hotel launched in November 2024 as the 20th Ruby property in Europe.
• Savills advised RE Capital on the sale with LaSalle represented by Constantine RE and Gowling WLG.
