Hoxton Hotel changes hands
Laura Chesters
Laura Chesters is digital, consumer and luxury goods reporter at The London Evening Standard, i, The Independent and The Independent on Sunday.
Wednesday 30 May 2012
A trendy East London boutique hotel popular with celebrities, including Alexa Chung, has been sold for more than £65m.
The Hoxton Hotel has been sold by its founder, the Pret A Manger joint founder Sinclair Beecham, and the private equity firm Bridges Ventures to a small private equity fund, Ennismore Capital.
Mr Beecham is thought to have received a multi-million pound windfall from the sale to Ennismore, a fund set up by the former Better Capital director Sharan Pasricha.
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