Quintain sells hotel stake to US company

Quintain has sold a 50 per cent stake in its Wembley Hilton hotel to

Oaktree Capital Management.

How much? £30.1m for the impressive 361-bed hotel at the end of September.

Quintain has been trying to sell the hotel, which opened in July and sits within Quintain’s 85-acre regeneration site in Wembley, since the end of 2011.

The £2.5bn Wembley development project also includes recently opened student accommodation and a designer outlet shopping centre that is being built.