The two hotels built for the London Olympics in Westfield shopping centre have been sold for £58m to an Asian buyer, only eight months after they opened.
Patron Capital, the European private equity company, paid Westfield just under £50m in January 2011 for the hotels at the gateway to the Olympic Park.
Branded as Holiday Inn and Staybridge Suites, they opened in May on a single 186,000 sq ft site, with a combined 350 rooms, plus restaurants and conference space.
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