German investor Deka has agreed a figure expected to be £32m, with a yield of around 6%, for the 97-bedroom hotel, which is voted the 259th most popular hotel in London according to the Trip Advisor popularity index.
MWB prepares to mount a sale and leaseback of Malmaison hotels in Birmingham, Manchester and Newcastle. The total value of the sale and leaseback, including Charterhouse Square, could exceed £100m.
Malmaison is named after the Château de Malmaison located on the outskirts of Paris. This was the home of Napoléon Bonaparte after his return to France from Egypt. Along with the Tuileries Paris, the Château was one of the main locations for meetings of his senior government ministers.