Singaporean investor buys London hotel

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. Located in one of the most affluent and exclusive boroughs in London, the hotel offers easy access to the green open spaces of Holland Park and Kensington Gardens to the north and some of London’s finest cultural institutions in South Kensington to the northeast, including the Natural History Museum, Victoria & Albert Museum and Royal Albert Hall.

This is the second hotel the group has purchased this year following their acquisition of Charlton House Hotel & Spa in Somerset via its public vehicle, KOP Limited. The firm will officially launch its Grade II-listed, 28-room English country house in Somerset in summer 2023.

KOP Group has been active in the U.K. market, having owned and participated in the extensive refurbishment and renewal of 10 Trinity Square and the Cranley Hotel in London, among other ventures.