Tchenguiz’s Kensington Hilton sold for £260m

Roland Hoskins / Associated Newspapers/REX/Shutterstock Vincent Tchenguiz’s Hilton London Kensington hotel, which has been at the centre of a legal dispute, has been sold for around £260m. Cola Holdings, the landlord founded by Monaco-based, Kurdish-born hotelier Bakir Cola, has added the 603-room flagship hotel to its portfolio. It was initially the trophy asset and largest building in a portfolio of ten UK hotels, which Tchenguiz had been seeking to sell for circa £600m.

Other hotels

The transaction has split the asset away from the other nine hotels, which are located