Shiva Hotels

Shiva Hotels is a privately owned United Kingdom based hotel group founded in 2003[1] by former Lehman Brothers derivatives trader Rishi Sachdev.[2]

History

In 2013 the company purchased the Millennium Bridge House hotel from American private equity firm The Carlyle Group, for £87.6m.[3]

In 2014 the company purchased the Kingsway Hall Hotel for £96m.[4]

In February 2015 it was reported that the group had placed two Ramada hotels it owned up for sale for £22m free of any brand tie.[5]

In October 2015 it was reported that the group was developing four unbranded luxury hotels in central London.[2]

In 2016 it acquired the site of the Welbeck Street Car Park for redevelopment as a hotel[6] after Historic England decided not to register the structure as a listed building.[7][8]

References
  1. "Hilton hotel sell-off - The Times".
  2. Gerrard, Neil (October 9, 2015). "Shiva Hotels to sell four Hilton hotels for £270m". The Caterer.
  3. "Shiva Hotels Spends £87.6m on London Hotel in its Search for Landmark Properties - Hotel Business".
  4. Davis, Tom (15 October 2014). "Shiva Hotels announces acquisition of London's Kingsway Hall Hotel - Hotel Owner".
  5. "Hotel Analyst - Double blow for Ramada as Shiva sells".
  6. West End car park sold to make way for a £600m hotel. Rhiannon Bury, The Telegraph, 25 February 2016. Retrieved 26 November 2016.
  7. £600m value put on latest West End car park conversion. Chris Berkin, Estates Gazette, 29 August 2015. Retrieved 26 November 2016.
  8. London car park of "sublime beauty" at risk of demolition. Amy Frearson, dezeen, 26 February 2016. Retrieved 26 November 2016.


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