Emma BT Group announces sale of BT Tower
The iconic BT Tower in London has been sold for £275m to MCR Hotels. The group plan to preserve BT Tower as a hotel.
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.”
MCR Hotels own around 150 hotels, including the historic landmark Eero Saarinen-designed TWA Hotel in New York City.
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.”
Did you know?
The BT Tower is a grade II listed communications tower.
The main structure is 177 metres (581 ft) high, with a further section of aerial rigging bringing the total height to 189 metres (620 ft).
Upon completion in 1964 it was the tallest structure in London until 1980, when it was surpassed by the NatWest Tower.
BT Tower was opened for operations in 1965 by Prime Minister Harold Wilson.
BT Tower was open to the public until 1971, with a restaurant making use of the revolving top floor.
