CBRE has advised Genting UK on the sale of Park Lane Mews estate for over £75m to Bain Capital Credit and Orka Investments.

The 48,265 sq ft fully vacant freehold estate includes a 72-bedroom Park Lane Mews Hotel, two residential buildings comprising 13 apartments, and an additional four vacant residential units.

Joel Zgraggen, Senior Analyst, Hotels at CBRE, commented: "This deal is one of the largest hotel transactions in London this year and presents a major redevelopment opportunity to reconceptualise a prime real estate asset. Mayfair is one of the most prestigious hotel locations in the world and we saw significant interest in Park Lane Mews from domestic and international capital looking to capitalize on the hospitality sector in the future."