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London’s famous BT Tower has been sold to a US hotel group for $347 million

The BT Tower, photographed on 24 October 2023 in London, England.

Matt Cardy | News Getty Images | Getty Images

LONDON – British telecommunications group BT said on Wednesday it has agreed to sell London’s iconic BT Tower – once an important piece of network infrastructure – to developer MCR Hotels for 275 million pounds (346.6 million dollars).

The 189-metre structure has loomed over the capital’s central Fitzrovia neighborhood since 1965, when it opened as a post office tower.

It carried telecoms signals from London to the rest of the country, but its microwave antennas were made redundant more than a decade ago due to the switch to fixed and mobile networks.

It was also known for a revolving restaurant on the 34th floor, which took 22 minutes to complete a rotation.

MCR Hotels owns 150 properties, including the TWA Hotel located in the former TWA Flight Center at John F. Kennedy International Airport.

Tyler Morse, chief executive of MCR Hotels, said the group will “preserve this beloved building and work to develop proposals to tell its story as an iconic hotel”.

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