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Cavendish Hotel London sold to Singapore based company Ascott Limited

London, 3rd August 2012 – On behalf of Ellerman Investments Ltd, Jones Lang LaSalle Hotels is pleased to announce it has arranged the sale of the Cavendish Hotel London to the Singapore based company Ascott Limited.  Ascott Limited has signed binding contracts to purchase the hotel for approximately £160 m.  

George Nicholas, Executive Vice President for Jones Lang LaSalle Hotels said: “The sale represents an outstanding conclusion to the investment in this hotel by Ellerman Investments, which originally purchased the hotel in 2006 and is further evidence of the resilience and strength of the London hotel investment market.”