London's BT Tower Sold for £275 Million, Set to Become Luxury Hotel

The iconic telecommunications landmark will undergo a transformation into a luxury hotel, preserving its historic status.

BT Tower, a historic telecommunications landmark in London, has been sold to MCR Hotels for £275 million.
The tower, originally known as the Post Office Tower, will be transformed into a luxury hotel, preserving its iconic status.
MCR Hotels plans to work with renowned architect Thomas Heatherwick on the hotel's design, aiming to respect the tower's rich history.
The transformation is part of BT's cost-cutting strategy, which includes reducing its real estate holdings.
The project will take several years to complete, as BT needs time to vacate the premises and remove technical equipment.