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UK: The King’s Cross Group, which owns the 67-acre site in central London known as the King’s Cross estate, has acquired the leasehold interest of the Kaya Great Northern Hotel for £20 million.
The 88-room property will continue to operate under a long occupational lease with Kaya Hotels UK. It offers three F&B venues and four flexible event spaces.
Turkish owner-operator Kaya Holding acquired the Great Northern Hotel in 2024 from Intriva Capital Advisors for an undisclosed amount. At the time, the property was affiliated with Marriott’s Tribute Portfolio.
Leo Shapland, King’s Cross Group’s CEO, said: “The Great Northern Hotel is an important part of the story and identity of King’s Cross and bringing the asset back under aligned ownership with the wider estate strengthens our ability to continually evolve the neighbourhood, while securing diversified long-term income.
“During the last year, we have built a business that benefits from capital to deploy and the expertise of a world-class team focused on active stewardship. This transaction is another example of how we are continuing to invest in the estate, evolving the experience we offer and positioning the neighbourhood for the next phase of growth.”
The King’s Cross Group was advised by Capital Real Estate Partners and Hogan Lovells.
Highlights:
- King’s Cross Group acquired the leasehold interest of Great Northern Hotel for £20 million as part of its central London estate strategy.
- The 88-room Great Northern Hotel will continue operating under a long occupational lease agreement with Kaya Hotels UK following the transaction.
- Located within the 67-acre King’s Cross estate in London, the hotel includes three food-and-beverage venues and four flexible event spaces.
- Kaya Holding acquired the Great Northern Hotel in 2024 from Intriva Capital Advisors when the property operated under Marriott’s Tribute Portfolio affiliation.
- Capital Real Estate Partners and Hogan Lovells advised the King’s Cross Group on the London hotel acquisition transaction.
