Chelsfield and EAD sell Shepherd’s Bush cinema site for hotel development
22 September 2011
Chelsfield Partners and EAD, represented by HVS Hodges Ward Elliott and Savills, have sold the former Pavilion Cinema at 58 Shepherd's Bush Green, London to Kosmopolito Hotels International.
The property has consent for the development of a full service, 242 bedroom hotel of 161,463 sq ft (15,000 sq m) over 11 floors to sit behind the listed façade. Kosmopolito plan an upscale hotel. Situated close to the Westfield Shopping Centre, it will provide further development into this evolving area of London.
Kosmopolito Hotels is a subsidiary of Far East Consortium International, a conglomerate listed on the Hong Kong Stock Exchange with activities in real estate, hospitality and car parks. Kosmopolito Hotels currently operate 17 hotels across Asia; in Singapore, Malaysia, Johor, Hong Kong, Shanghai, Chengdu and Wuhan. The group owns and manages four brands in different market segments – upscale Kosmopolito brand, Boutique Series by Kosmopolito, four-star business hotel Dorsett Regency and value hotel Silka.
Savills Margaret Street