Criterion Capital acquires St Giles London Hotel (732 rooms) for £220m

Criterion Capital, a UK real estate owner and investor, acquired full ownership of the St Giles London Hotel for £220 million, buying out IGB Berhad's long-held stake. The 732-room hotel occupies a prime island site at Tottenham Court Road and Oxford Street in central London, steps from the British Museum and UCL. The deal represents a rare vacant-possession opportunity in one of London's most prominent hospitality locations. IGB Berhad is a Malaysian-listed property conglomerate that had owned the hotel for approximately 30 years. Criterion Capital is a UK-based real estate investment firm that already held a partial interest in the wider St Giles island site, and this acquisition consolidates its ownership position, enabling it to pursue long-term value creation across the site. Not publicly disclosed. Deloitte advised Criterion Capital, suggesting sophisticated capital structuring was involved.