15th century hotel sells to London-based hotelier and restaurateur
Specialist business property adviser, Christie & Co has today reported the Tudor Lodge Hotel, an established 44-bedroom hotel and restaurant in the London Borough of Eastcote, Pinner has been sold to Gurvinder Sethi, a successful London-based restaurateur and hotelier.
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The Tudor Lodge Hotel is situated on Field End Road, in a Grade II listed building that was built some 500 years ago and offers an abundance of charm and character. The hotel is just moments away from Eastcote’s range of retail premises, restaurants and cafés, as well as Eastcote Underground Station, connecting it to Central London and Heathrow Airport.
The business was acquired by Ruchir Gupta of Siya Properties Limited through Christie & Co in 2010. Having established several successful businesses in Europe and the United States, he decided to put the hotel up for sale to concentrate his efforts on expanding his operations abroad.
The new owner, Gurvinder Sethi brings with him a wealth of experience in the restaurant industry and operates a chain of hotels in London. He plans to expand the business by adding additional rooms and covers to the existing restaurant.
Andrew Evangelou, Director and Head of London Hotels at Christie & Co brokered the deal and comments, “We are pleased to announce the sale of this charming hotel on behalf of our client, who we have established an excellent relationship with, now having sold four hotels on his behalf.
“The sale represented a rare opportunity to acquire a freehold period building in an affluent area within Greater London and we are sure the incoming owner will make an excellent success of this already established business.”
Previous owner, Ruchir Gupta adds, “Andrew worked tirelessly to conclude the sale and as always, acted with the utmost honesty and integrity. Andrew was always available, working in our best interests and his persistence and attention to detail helped us achieve a successful completion.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
M: +44 (0) 7721 420 656 or E: bronte.hughes@christie.com
Contact the agent:
Andrew Evangelous, Director and Head of London Hotels
M: +44 (0) 7917 372 426 or E: andrew.evangelou@christie.com
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