Singaporean investor KOP Group has acquired the 105-room Burns Hotel, located in the Royal Borough of Kensington & Chelsea, London. The financial terms were not disclosed.
The firm has plans to renovate the asset into a luxury boutique hotel and be operated under its hospitality arm Montigo Resorts. It plans to open in the first quarter 2024.
“Our latest purchase, in one of London’s most affluent and sought-after locations, is an exciting milestone for the Group. It demonstrates our commitment to growing our lifestyle portfolio of upscale, exciting properties for business and leisure in the U.K. market. We are also looking forward to introducing Asian hospitality to this part of the world, via our own hospitality brand, Montigo Resorts,” said Leny Suparman, CEO and a founder of KOP.
Overlooking Barkston Gardens, the newly acquired hotel comprises five interconnected town houses, a large reception, bar, restaurant facilities and a private garden. Locat
