UK: Actual property proprietor Criterion Capital has bought the St Giles London Resort for a reported £220 million, increasing its West Finish portfolio.
St Giles London Resort, positioned on the intersection of Tottenham Courtroom Street and Oxford Road, options 732 rooms, three eating places, a bar and on-site on line casino.
Asif Aziz, CEO and founding father of Criterion Capital, was beforehand concerned within the sale of the resort in 1993 to Ravenscroft Investments.
In 2006, Criterion acquired the underground NCP automobile park that sits beneath the St Giles London Resort. The automobile park was reworked below Criterion’s Zedwell model and relaunched as an underground resort in 2023.
The acquisition of the St Giles resort reunites the broader website below single possession and brings Criterion’s West Finish portfolio to three,700 working resort rooms.
The group has a dedicated pipeline set to exceed 9,000 rooms by 2029.
Highlights:
- Criterion Capital acquires 732-room St Giles London Resort for £220 million
- Resort positioned at Tottenham Courtroom Street and Oxford Road, Central London
- Deal reunites resort and underlying automobile park below single possession
- Acquisition will increase Criterion’s West Finish portfolio to three,700 rooms
- Group pipeline exceeds 9,000 resort rooms by 2029
