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London’s iconic BT Tower sold to become hotel

In World
February 21, 2024

LONDON – British telecommunications giant BT Group announced on Feb 21 the sale of its famous BT Tower, and that the building located in the heart of London will be transformed into a hotel.

The London-listed company has agreed to sell the building for £275 million (S$466 million) to New York-based MCR Hotels.

“MCR Hotels… (plans) to preserve BT Tower as an iconic hotel, securing its place as a London landmark for the future,” BT said in a statement.

A number of operations that were traditionally provided from the listed building are now delivered instead via fixed and mobile networks.

“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,” said Mr Tyler Morse, chief executive and owner of MCR Hotels.

The building, originally called the Post Office Tower, was completed in 1964 and officially opened a year later by then British Prime Minister Harold Wilson.

The tower is 177m in height, or 189m including aerial rigging.

It originally included a revolving restaurant on the top floor and a panoramic viewing gallery.

However, these were closed after a bomb explosion in 1971 on the 31st floor that caused significant damage but no casualties. AFP

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