London’s BT Tower Sold for $347 Million, Set to Transform into Hotel

BT Group has agreed to sell London’s iconic BT Tower to MCR Hotels for £275 million ($347 million), paving the way for the landmark to be converted into a hotel.

Opened by Prime Minister Harold Wilson in 1965, the 177-meter tower held the title of London’s tallest building for 16 years before the construction of the NatWest Tower. Despite its historical significance in communications, the tower’s role has diminished with advancements in fixed and mobile technology.

Its microwave aerials, once vital for connecting London to the rest of the country, were removed over a decade ago.

The sale to MCR Hotels marks a new chapter for the BT Tower, preserving its legacy while adapting to modern needs.

Source: Reuters