Felda Investment buys London hotel for RM330m

FiC has renamed Park City Hotel in London as Grand Plaza Hotel.

LONDON: Felda Investment Corp (FIC), the investment arm of Federal Land Development Authority (Felda), has acquired a 4-star hotel in the upmarket Kensington area in London for £60mil (RM330mil), making it the 12th investment in the group’s hospitality portfolio.

Called Park City Hotel, with 62 units of guest rooms and two units of three-bedroom serviced apartments, it was renamed yesterday to Grand Plaza Hotel, following the same brand of another upscale hospitality asset owned by Felda, the Grand Plaza Serviced Apartments in Bayswater, London.