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London’s iconic BT Tower, a towering landmark in the city’s West End skyline, is poised for a transformation following its sale to MCR Hotels in a monumental £275 million deal. The sale, announced on Wednesday, February 21, marks a significant chapter in the tower’s storied history.
Built in 1964, the BT Tower stands tall at 177 meters (581 feet) and has served as a pivotal communications hub for decades. However, with the evolution of digital services and advancements in technology, the tower’s once-central role has diminished over time.
BT Group, the previous owner, shared insights into the sale, emphasizing their strategic shift towards modernizing their operations. The tower’s Media & Broadcast division, which historically relied on the tower for crucial broadcast services, has been transitioning to cloud-based platforms. This strategic move facilitated the decision to sell the tower, enabling the division to continue its operations while exploring more contemporary and efficient premises.
The BT Tower has long been an important site for BT Group’s Media & Broadcast business, as one of the key global interchange points for live television,” stated BT Group in a press release. As part of its long-term strategy, the Media & Broadcast division has already been migrating services onto its cloud-based platform, which will allow a more straightforward move to more modern and efficient premises.
MCR Hotels, a renowned global hospitality firm with a portfolio of 150 hotels worldwide, is set to lead the tower’s transformation into a hotel. Despite the tower’s iconic status and historical significance, MCR is committed to developing proposals that honour its rich heritage while ensuring accessibility to the public.
“We are proud to become owners and custodians of the iconic BT Tower,” remarked Tyler Morse, chief executive and owner of MCR Hotels. We will take our time to carefully develop proposals that respect the London landmark’s rich history and open the building for everyone to enjoy.
As the transition unfolds, BT Group will gradually vacate the premises over the course of several years, given the intricate nature of relocating technical equipment. This phased approach allows ample time for design development and community engagement, ensuring that any future proposals align with local interests and sensitivities.
With the BT Tower poised to embark on a new chapter as a hotel, Londoners and visitors alike can anticipate an exciting evolution for this iconic landmark, blending its historic significance with contemporary hospitality offerings.
