Brighton seafront hotel sells for up to £60m
A hotel on the Brighton seafront has sold for an estimated £60 million to Leonardo hotel chain owner Fattal.
The Grand hotel is being sold by Fortnum and Mason and Associated British Foods owners the Weston family.
Originally opening in 1864, the seven-storey hotel was bombed by the Provisional Irish Republican Army in 1984 when it was hosting the Conservative Party conference with the aim of assassinating then Prime Minister Margaret Thatcher. She survived, and returned two years later to reopen the restored hotel.
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It was then bought in the early 1990s by the De Vere Group, which went on to carry out a multi-million-pound revamp before selling it for around £50 million in 2014 by the Weston family-controlled Wittington Investments.
The Times reports that specialist consultancy JLL Hotels brokered the sale of the Grand for between £55 to £60 million.
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