Leading business and financial adviser Grant Thornton UK LLP announces it has advised the owners of The Capital Group and The Levin on the sale of the award winning Capital and The Levin hotels to Warwick Hotels and Resorts (Warwick).
Representing two of London's leading luxury boutique hotels in Knightsbridge, Capital and The Levin will become the first London establishments in Warwick's portfolio.
The Grant Thornton corporate finance advisory team, led by Vasu Majumdar and Stephen Baker, ran a streamlined process to identify new owners for these landmark assets, ultimately finding a natural alignment with Warwick's future interests and ambitions.
David Levin MBE, who built and established The Capital Group over the past 50 years, said: "It was a difficult decision to sell, but Warwick Hotels and Resorts is the right company at the right time in this highly competitive London market. I see this as only positive for all concerned. We're thankful to the Grant Thornton team for its help and support throughout this transaction."
Kate Levin will continue in her role as General Manager, and David Levin MBE becomes consultant to Mr Richard Chiu, President & CEO of Warwick Hotels and Resorts.
Warwick Hotels and Resorts, founded in 1980 by Mr Richard Chiu, comprises of 55 distinguished hotels and resorts with more than 9,000 rooms worldwide. "Our group is very pleased with this acquisition, as The Capital Hotel Group headed by David Levin, shares the same hospitality philosophy as Warwick," said Richard Chiu, president of Warwick. "Being a family business ourselves, we are proud to be able to conclude this transaction with the Levin family and to maintain the family spirit that characterizes the two groups.”
Vasu Majumdar at Grant Thornton UK LLP, commented; "We're immensely proud to have worked on such a unique and multifaceted transaction. Over the past months, we've really got to know the Levin family well, and understand the importance of this transaction as they clearly wanted to ensure a bright and prosperous future for the hotels. To find an acquirer who shares the same passion, enthusiasm and vision for the future of these properties is a rewarding feeling."