UK: Archer Hotel Capital has sold The Dilly hotel in London to Fattal Hotel Group, the owner of Leonardo Hotels.
The Dilly, which rebranded from Le Méridien Piccadilly in 2020, offers 283 rooms, two F&B venues, an underground swimming pool, health club, dance studio, florist lobby shop, and seven meeting rooms.
When The Dilly launched, it became the first independent hotel owned by Archer Hotel Capital. The group, jointly owned by affiliates of APG Asset Management and GIC, was established in December 2018. It oversees a portfolio of upscale and luxury hotels throughout Europe.
Cushman & Wakefield and Eastdil Secured jointly advised Archer on the sale to Fattal Group.
Ed Fitch, partner in Cushman & Wakefield’s EMEA hospitality team, said: “The Dilly is a landmark building with the best of the West End’s shopping and entertainment on its doorstep. This certainly wasn’t a straightforward transaction but hotels of this nature don’t come up that often and this sale demonstrates that, when it comes to getting a sizeable London hotel presence, seizing the opportunity is everything for investors.”
Fattal Hotel Group has several brands in its portfolio: Leonardo, Herods, NYX, Jurys Inn and U Hotels. In 2021, the group took a majority stake in Tel Aviv-based boutique brand 7Minds.
