By Angela Green
Singaporean investor, KOP Group, has announced the purchase of the 105 key Burns Hotel located within the Royal Borough of Kensington & Chelsea in London, today, the deal was completed at the end of last month.
This is the second UK acquisition this year by KOP following their acquiring Charlton House Hotel & Spa in Somerset.
Ms Leny Suparman, Group CEO and a Founder of KOP, said: “Our latest purchase, in one of London’s most affluent and sought-after locations, is an exciting milestone for the Group. It demonstrates our commitment to growing our lifestyle portfolio of upscale, exciting properties for business and leisure in the UK market. We are also looking forward to introducing Asian hospitality to this part of the world, via our own hospitality brand, Montigo Resorts.”
The Founders of KOP are familiar with the UK market, having owned and participated in the extensive refurbishment and renewal of 10 Trinity Square and the Cranley Hotel in London, amongst other ventures.
Overlooking Barkston Gardens, the newly acquired hotel comprise five inter-connected town houses, a large reception, bar, restaurant facilities and a private garden. The hotel offers easy access to Holland Park and Kensington Gardens to the north and South Kensington to the northeast.
This hotel will undergo an extensive renovation to a boutique luxury hotel, and will be operated by Montigo Resorts, the hospitality arm of the Group’s public-listed entity, when it opens in the first quarter of 2024.