Falcon hotel sale will allow new owner to spread wings
Specialist business property advisor Christie & Co has announced that it has been instructed to market for sale the Falcon Hotel in Paddington.
Awarded a “Top Value” badge by Trip Advisor, the impressive Edwardian-period hotel, which was built 110 years ago, is located in Norfolk Square Gardens at the heart of Paddington, W2.
First opened as a hotel over 60 years ago, the Falcon has been operated by the vendor since the mid 1990s.
Overlooking the traditional London square communal garden, the Falcon has 20 bedrooms of different occupancy levels from single rooms to family suites.
Andrew Evangelou who is handling the sale on behalf of Christie & Co commented: “The current owner is looking to retire, and the sale of the Falcon will offer the buyer the opportunity to acquire a rare freehold building in Norfolk Square.
“The location of the hotel is second to none in relation to its accessibility into all parts of central London, and the building itself possesses the potential for development and options to expand its food and beverage offering.”
Christie & Co is seeking offers of £6,000,000 for the freehold interest in the Falcon Hotel.