A consortium led by Malta-based hotel developer International Hotel Investments (IHI) is buying the Metropole building and 10 Whitehall Place from UK Crown Estate for £130 mln (EUR 174 mln). IHI, which is owned by Dubai state-controlled investment firm Istithmar, will refurbish the 37,161 m[sup]2[/sup] of accommodation to provide a 5-star, 283-bed hotel and luxury residential apartments in the West End overlooking the Thames.
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