Zurich (awp) – The Aevis Victoria holding group, via its hotel branch, has acquired its first establishment abroad, L’Oscar, a five-star hotel located in London. The investment amounts to 60 million pounds.
The hotel will eventually achieve an annual turnover of more than 20 million pounds and will be consolidated from March 1, 2022, said a press release from the Friborg group on Tuesday.
The Oscar first reopened in the spring of 2018, after a complete renovation. It currently offers 39 spacious rooms and suites, two bars, a 74-seat restaurant and several reception rooms.
The acquisition includes a historic building and an adjacent building spanning 5,200 square meters.