Telecoms firm BT announced this week that it has agreed to sell its communications tower in London, UK for £275 million ($346.8m) to MCR Hotels. The hotel chain aims to turn this tower into a world-class hotel, but is yet to reveal details regarding this project.
Brent Mathews, property director, BT Group, said, “The BT Tower sits at the heart of London and we’ve been immensely proud to be the owners of this important landmark since 1984. It’s played a vital role in carrying the nation’s calls, messages, and TV signals, but increasingly we’re delivering content and communication via other means. This deal with MCR will enable BT Tower to take on a new purpose, preserving this iconic building for decades to come.”
Tyler Morse, CEO and owner of MCR Hotels, said, “We are proud to preserve this beloved building and will work to develop proposals to tell its story as an iconic hotel, opening its doors for generations to enjoy.”
