UK: Singaporean investor KOP Group has purchased the 105-room Burns Hotel located in Earls Court, London off a guide price of £35 million.
Burns Hotel, set across five interconnected townhouses, features 105 guest rooms, a reception bar, restaurant, and private garden. The property will undergo a renovation to a boutique luxury hotel and will be operated by Montigo Resorts when it reopens in Q1 2024.
Knight Frank facilitated the sale which completed on 30 May 2023.
The acquisition marks the second hotel that KOP has made this year, following the group’s purchase of Charlton House Hotel & Spa in Somerset via its public vehicle, KOP Limited. The Grade II-listed country house is expected to relaunch this summer.
Leny Suparman, group CEO and a founder of KOP, said: “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.”
KOP Group is a private real estate investment company with a portfolio including The Ritz-Carlton Residences and Hamilton Scotts, both located in Singapore, alongside others. The group operates its real estate interests through its public arm, KOP Limited, which in turn oversees KOP’s hospitality brand Montigo Resorts.
Montigo Resorts currently operates two properties in Indonesia. The founders of KOP have experience in the London market having led the refurbishment of 10 Trinity Square and the Cranley Hotel, amongst other projects.