Criterion Capital has acquired the St Giles London Hotel in London’s West End for approximately £220 million, taking full ownership of the entire island site and bringing the landmark property under single control.

The transaction gives Criterion ownership of the 732-room hotel located at the intersection of Tottenham Court Road and Oxford Street, reunifying the hotel with underlying assets on the same site that the group already owned.

The St Giles London Hotel is a large mixed-use hospitality asset comprising 732 bedrooms alongside multiple restaurants, a bar and an on-site casino. It occupies a highly prominent position in the West End, close to Oxford Street, Theatreland, the British Museum and a range of major academic and medical institutions.

The property benefits from excellent transport connectivity, sitting adjacent to Tottenham Court Road Underground station with access to the Central, Northern and Elizabeth lines.

Criterion has been involved with the wider site for nearly two decades, having acquired the underground car park beneath the hotel in 2006. That space was subsequently transformed into an underground Zedwell-branded hotel, reflecting the group’s long-term, hands-on approach to asset management and adaptive reuse in central London.

Following the acquisition, Criterion’s West End hotel portfolio now exceeds 3,700 operating rooms. The group’s committed development pipeline is expected to grow to more than 9,000 rooms by 2029, underlining its continued focus on expanding its hospitality footprint across London and other major UK urban centres.