HOTEL CECIL SOLD.
PURCHASE PRICE £1,520,000.
. ■ > CONVERSION INTO OFFICES
LONDON, Jan. 26
The famous Hotel Cecil was recently sold for £1,520,000, exclusive of interior furnishings, which the vendors are entitled to keep. Tho hotel was bought by Shell-Mex, Limited, and will be converted into offices.
A contract was signed in December for tho sale of tho Hotel Cecil to Shell-Mex, Limited, who will take possession noxt mid-summer. Until then the business of tho hotel will bo carried on. There are about a dozen banqueting rooms and 1000 bodrooms in tho Cecil, which has lately been modernised in part, But hotel policy favours tho provision of« wholly modern accommodation. The public taste in such matters has undergone a great change, and •to adapt existing buildings of the older typo to current requirements is almost prohibitive in cost, and structurally very difficult.. For that reason tho Gordon Hotels Company some timo ago sold the Grand Hotel, which has been converted into offices and shops.
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Bibliographic details
New Zealand Herald, Volume LXVII, Issue 20480, 4 February 1930, Page 11
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162HOTEL CECIL SOLD. New Zealand Herald, Volume LXVII, Issue 20480, 4 February 1930, Page 11
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