US-based private investment firm Starwood Capital Group has completed the divestment of Ace Hotel London Shoreditch to Limulus.

Starwood purchased the 258-room property in June 2012 through its subsidiary.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Starwood Capital Group vice-president Nick Chadwick said: "We are thrilled that our ambitious vision for this hotel has come to fruition, and that we have been able to considerably enhance the value of this asset by positioning it to take advantage of the tremendous growth prospects of the Shoreditch market.

"Situated in Shoreditch, London, the property features a focal-point lobby bar, the Miranda nightclub, Hoi Polloi restaurant, Bulldog coffee shop and three retail units."

"Ace Hotel has proven to be the perfect brand for this property, and our successful partnership on Ace’s first project outside the United States underscores Starwood Capital’s commitment to working with innovative hotel management companies of all sizes to the ultimate benefit of our investors."

Situated in Shoreditch, London, the property features a focal-point lobby bar, the Miranda nightclub, Hoi Polloi restaurant, Bulldog coffee shop and three retail units.

See Also:

The hotel also includes an events space on the seventh floor that offers city views and an outdoor terrace that was replaced in the former hotel restaurant and meeting space.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In February 2015, Starwood Capital created a new joint venture (JV) with Spanish hotel operator Melia Hotels International to acquire properties across key resort locations in Spain.

Starwood’s controlled affiliate will hold a 80% stake in the new JV and Melia Hotels will own the remaining 20% interest. The new JV initially will acquire seven beachfront hotels with 2,933 rooms in a deal worth €176m ($198m).