The hotel is also close to Imperial College and the Museum Quarter and is a 15-minute walk from Olympia London.
“This is a once-in-a-lifetime chance to secure an ultra-prime freehold site in Central London,” says CDL’s executive chairman Kwek Leng Beng. He adds that freehold sites in this location are "exceptionally scarce" and even more so when it is directly adjacent to CDL's Copthorne Tara hotel on Scarsdale Place.
“With this acquisition, the group will now own two of the largest freehold sites in London’s most affluent Royal Borough of Kensington and Chelsea," Kwek adds.
With the acquisition, CDL will have over 3,000 hotel rooms in Central London. Its portfolio already includes the 307-room The Biltmore Mayfair, the 222-room Millennium Hotel London Knightsbridge and the 611-room Millennium Gloucester Hotel London.
See also: Long-stay space, long-term gains
According to CDL, the Holiday Inn London - Kensington High Street has achieved high occupancy rates of over 97% for the nine months to September 2025 and has consistently outperformed its competitive set in recent years.
The hotel’s revenue for the preceding 12 months exceeded GBP39 million and is expected to generate a running yield of over 6%.
As at 12.30pm, shares in CDL are trading 6 cents higher or 0.83% up at $7.26.
