Criterion Capital has acquired London office building Mansell Court with the intention of turning it into a hotel.
Located close to Aldgate station, the former insurance firm headquarters will be transformed into a 200-room Zedwell hotel.
It is Criterion’s second City of London location, following its acquisition of One Princes Street in November last year for its sleep-focused brand. The real estate asset manager plans to grow to 24 hotels by 2027.
The project joins Criterion’s pipeline of 22 hotels which will add to its current sites at Greenwich, Piccadilly Circus, Tottenham Court Road and Knightsbridge in London and Zedwell Manchester, which is expected to open in 2026
What they said
Halima Aziz, head of hotels at Criterion said: “The acquisition of Mansell Court is an exciting addition to our expanding portfolio, and we are thrilled to bring our innovative Zedwell concept to a second site in the City of London. This milestone not only strengthens our presence in one of the world’s most visited destinations but also reflects our ongoing commitment to delivering accessible, environmentally responsible, and thoughtfully designed urban retreats.”