STAYWELL BUYS THE ARCH LONDON HOTEL FROM AB HOTELS

Japanese group Staywell Holdings has acquired The Arch London hotel on Great Cumberland Place in central London from AB Hotels Group. The hotel opened in 2010 after two adjoining former hotels were combined and redeveloped. The resulting 82-room property will undergo a £3 million refurbishment (£37,000 per room) and reopen as the first property under the newly launched 5-star The Prince Akatoki brand.

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