UK: Singaporean investor KOP Group has bought the 105-room Burns Lodge positioned in Earls Court docket, London off a information worth of £35 million.
Burns Lodge, set throughout slot 5 interconnected townhouses, options 105 visitor rooms, a reception bar, restaurant, and personal backyard. The property will endure a renovation to a boutique luxurious resort and shall be operated by Montigo Resorts when it reopens in Q1 2024.
Knight Frank facilitated the sale which accomplished on 30 Might 2023.
The acquisition marks the second resort that KOP has made this 12 months, following the group’s buy of Charlton Home Lodge & Spa in Somerset by way of its public automobile, KOP Restricted. The Grade II-listed nation home is anticipated to relaunch this summer time.
Leny Suparman, group CEO and a founding father of KOP, mentioned: “Our newest buy, in certainly one of London’s most prosperous and sought-after places, is an thrilling milestone for the group. It demonstrates our dedication to rising our way of life portfolio of upscale, thrilling properties for enterprise and leisure within the UK market. We’re additionally wanting ahead to introducing Asian hospitality to this a part of the world, by way of our personal hospitality model, Montigo Resorts.”
KOP Group is a personal actual property funding firm with a portfolio together with The Ritz-Carlton Residences and Hamilton Scotts, each positioned in Singapore, alongside others. The group operates its actual property pursuits via its public arm, KOP Restricted, which in flip oversees KOP’s hospitality model Montigo Resorts.
Montigo Resorts presently operates two properties in Indonesia. The founders of KOP have expertise within the London market having led the refurbishment of 10 Trinity Sq. and the Cranley Lodge, amongst different tasks.