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Gulshan Bhatia

 

NRI Gulshan Bhatia set to be acquired Waldorf Hilton in UK

London, Dec, 02, 2007
Ranbir Bhalla

NRI Gulshan Bhatia, Britain’s wealthiest entrepreneurs, hotelier (FRONT-RUNNER) set to be acquired the 299-room Waldorf (once the jewel in the crown of the old Forte hotel empire) in Central London from Royal Bank of Scotland (RBS) for for £185m

.

The hotel, which is operated under a lease by Hilton Hotels Corporation, is one of four properties with a combined value of up to £650m put up for sale by RBS last month through CB Richard Ellis Hotels, the property consultancy. Two previous attempts by RBS to sell the Waldorf as part of a larger portfolio foundered in volatile market conditions, The Times adds.

Mrs Bhatia, who owns the Hilton London Paddington and the Hyatt Regency Birmingham, used her savings to buy a B&B in Paddington for £190,000 and charged £3 per room.

She went on to become the first female Holiday Inn franchisee in the UK when she took over the Holiday Inn Gatwick. She bought and sold several hotels, using the profits to buy the Great Western, in Paddington, for £10 million in 1986. The hotel, built to resemble a French château, reopened in 2002 after a £60 million renovation.

Bhatia, who faced competition from Qatari, Bahraini and Israeli investors to buy the Waldorf, is expected to retain the lease arrangement with Hilton, although sources believe she may seek to convert the lease to a management contract with the US hotel behemoth.

Room rates shown are per room, per night

235.00 GBP QUEEN HILTON GUEST ROOM
315.00 GBP QUEEN HILTON EXECUTIVE
275.00 GBP QUEEN HILTON DELUXE



HILTON VALUE W BFAST INCLUDES BUFFET BREAKFAST (more)
Rates shown below include tax.

295.00 GBP QUEEN HILTON GUEST ROOM
375.00 GBP QUEEN HILTON EXECUTIVE
335.00 GBP QUEEN HILTON DELUXE
545.00 GBP KING HILTON SUITE

FULLY FLEXIBLE (more)

259.00 GBP QUEEN HILTON GUEST ROOM - FLEXIBLE RATE
339.00 GBP QUEEN HILTON EXECUTIVE
299.00 GBP QUEEN HILTON DELUXE - FLEXIBLE RATE