Archer Hotel Capital has completed the sale of London’s iconic The Dilly hotel to Fattal Group, owner of Leonardo Hotels UK & Ireland.
The Dilly is a 283-room hotel situated at 21 Piccadilly which was constructed in 1908 as one of London’s most luxurious hotels. Known then as The Piccadilly Hotel, it is centrally located in an enviable position between Piccadilly and Regent Street, two of London’s most famous streets, and has been patronised by royalty and celebrity guests ever since.
Having acquired the hotel in 2011, Archer Hotel Capital took back vacant possession of the property and rebranded it as The Dilly, with the hotel re-launching in 2020.
Archer Hotel Group was jointly-advised throughout the sale process by Cushman & Wakefield and Eastdil Secured.
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.”
