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.

David Goodwin has been blogging since 2010 and is the author of Blog on the Block where he covers civic & social topics. Goodwin hosts the podcast, Pod on the Block. He is the founder and company director of user experience consultancy Uxfam Ltd.

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