Singaporean investor, KOP Group, has purchased the 105-key Burns Hotel in London and plans to convert it into a boutique luxury hotel.
The purchase price is reported to be close to the £35 million asking price. After refurbishment, the Earl’s Court hotel is due to reopen in the first quarter of 2024. Knight Frank advised the seller on the sale of the 104-bedroom Georgian townhouse hotel.
Overlooking Barkston Gardens, the hotel includes five inter-connected townhouses, a large reception, bar, restaurant facilities and a private garden.
The hotel offers easy access to Holland Park and Kensington Gardens, the Natural History Museum, Victoria & Albert Museum and Royal Albert Hall.
The Burns Hotel will be operated by Montigo Resorts, the hospitality arm of the Group’s public-listed entity.
The purchase through Knight Frank was completed on 30 May 2023. This is the second hotel the Group has purchased this year following its acquisition of Charlton House Hotel & Spa in Somerset.
Ms Leny Suparman, Group CEO and a Founder of KOP, says, “Our latest purchase, in one of London’s most affluent and sought-after locations, is an exciting milestone for the group. It demonstrates our commitment to growing our lifestyle portfolio of upscale, exciting properties for business and leisure in the UK market. We are also looking forward to introducing Asian hospitality to this part of the world, via our own hospitality brand, Montigo Resorts.”
The Founders of KOP are familiar with the UK market, having owned and participated in the extensive refurbishment and renewal of 10 Trinity Square and also the Cranley Hotel in London, amongst others.
