| Updated:
Pret A Manger owner sells Hoxton Hotel for £70m
The Hoxton, the trendy east London hotel founded six years ago by the Pret a Manger co-founder Sinclair Beecham, has been sold in a deal worth around £70m. The hotel’s private equity backer Bridge Ventures confirmed the sale yesterday to boutique investment firm Ennismore Capital, which aims to make the Hoxton concept a chain in Britain and overseas.