Fattal Group has acquired the 283-bedroom The Dilly Hotel, in London from Archer Hotel Capital.
Collier’s Hotel Capital Markets lead Saar Sharon advised the buyer on this transaction. Details of the deal have not been disclosed, but the group has announced plans to invest £90million on refurbishing the 26,000 sqm hotel on London’s Piccadilly, including a luxury spa.
The Dilly, which was previously known as Le Meridien until late 2020, opened in 1908 and was frequented by King George V during his reign. It features squash courts, events and meeting spaces, as well as an indoor swimming pool and treatment rooms.
Fattal Group owns the Leonardo Hotels UK and Ireland brand which has 52 hotels in the region and 150 in Europe, and another 50 across the globe. Its central London portfolio includes Leonardo Royal hotels at London City, Tower Bridge and St Paul’s, and the NYX Hotel London Holborn.