UK: NYC hotelier Michael Achenbaum has sold The Curtain Hotel in London’s Shoreditch to David and Simon Reuben.
The six-storey 120-bedroom hotel and members club in London, which opened in 2017, will continue trading under the same management, a subsidiary of Achenbaum‘s Gansevoort Hotel Group, which will lease the property. The sale price has not been disclosed.
The Reuben brothers, through their company Reuben Brothers, have investments across numerous industries. In the hospitality field they own pub companies and hotels, as well as being the largest shareholder in Belmond.
Michael Achenbaum said: “The decision to sell the freehold was prompted by several unsolicited approaches. However, our long term operating lease demonstrates our commitment to this exciting business which has received critical acclaim. We are delighted to be aligning with the Reuben brothers who are experienced long-term investors and incredibly supportive of the diverse social elements of The Curtain. The sale of the freehold will act as a catalyst for us to develop sister properties in different international locations.”