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Bt Tower

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business1 year ago•1 min saved

London's Iconic BT Tower to Undergo Transformation into Luxury Hotel

The iconic BT Tower in London, once a hub for telecommunications traffic, has been sold to American hotel group MCR Hotels for 275 million pounds ($346 million) with plans to transform it into a hotel, rising 581 feet above the ground. MCR Hotels, known for converting historic buildings into hotels, aims to carefully develop proposals that respect the tower's rich history and make it accessible for everyone to enjoy, drawing parallels to their successful TWA Hotel in New York City.

via The New York Times|

#bt-tower #business #hotel

business1 year ago•1 min saved

London's BT Tower Sold for $347 Million, Set to Become Luxury Hotel

British telecoms group BT has agreed to sell London's iconic BT Tower to U.S. hotel group MCR Hotels for $346.6 million. The 189-meter tower, once a crucial part of the country's telecommunications network, will be transformed into a hotel, joining other converted landmarks in the city. MCR Hotels plans to preserve the building and develop proposals to showcase its iconic status as an iconic hotel, while BT is undergoing a significant cost-cutting program.

via CNBC|

#bt-tower #business #hotel