Genting sells stake in COMO Metropolitan hotel

Genting has sold its freehold interest at 19 Old Park Lane in Mayfair, W1 – which includes the majority of its five-star COMO Metropolitan hotel – for more than £70m. EG previously revealed that Project Tyburn, which also includes part of the Nobu London restaurant, a majority stake in Colony Club casino and nine of 19 luxury serviced apartments, was put up for sale for £68m. The assets have been bought by DTZ Investors, on behalf of its Strathclyde Pension Fund. The hotel has 144 bedrooms, a gym, spa and events spaces, and is situated among