Shiva Hotels Explained

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]}

External links

• Official website

Notes and References

1. Web site: Hilton hotel sell-off - The Times.
2. Web site: Shiva Hotels to sell four Hilton hotels for £270m . Neil . Gerrard . . October 9, 2015.
3. Web site: Shiva Hotels Spends £87.6m on London Hotel in its Search for Landmark Properties - Hotel Business.
4. Web site: Shiva Hotels announces acquisition of London’s Kingsway Hall Hotel - Hotel Owner. Tom. Davis. 15 October 2014.
5. Web site: Hotel Analyst - Double blow for Ramada as Shiva sells.
6. https://www.telegraph.co.uk/business/2016/02/25/west-end-car-park-sold-to-make-way-for-a-600m-hotel/ West End car park sold to make way for a £600m hotel.
7. http://www.estatesgazette.com/600m-value-put-on-latest-west-end-car-park-conversion/ £600m value put on latest West End car park conversion.
8. https://www.dezeen.com/2016/02/26/welbeck-street-london-car-park-risk-demolition-redevelopment-hotel/ London car park of "sublime beauty" at risk of demolition.