LaSalle acquires Ruby Stella Hotel in Clerkenwell

LaSalle Investment Management (“LaSalle”), the global real estate investment manager, has acquired the Ruby Stella hotel in Clerkenwell, London, on behalf of a UK Custom Account client for £48 million.

The newly developed, purpose-built 153-key hotel, featuring a ground-floor bar and restaurant, opened in late 2024 and is operated by Ruby Hotels on a 30-year index-linked lease. The asset was constructed to outstanding sustainability specifications, achieving a BREEAM ‘Excellent’ rating and an EPC rating of ‘A’.

Located just off Clerkenwell Road in central London, the Ruby Stella is situated in one of the capital’s most vibrant, creative and well-connected districts. The property is only an eight-minute walk from Farringdon Station, providing access to the newly built Elizabeth Line and multiple other Underground lines.

Sophie Simmonds, Managing Director, UK Custom Accounts at LaSalle, commented: “Ruby Stella represented a compelling opportunity to secure another long-income, index-linked asset built to impeccable sustainability standards in a prime central London location. This latest hotel acquisition in the UK’s capital city further strengthens our exposure to the resilient and evolving lifestyle hotel sector whilst being underpinned by a strong residual value.”

Chris House, Senior Transactions Manager at LaSalle, commented: “With London attracting 20 million visitors in 2024, the Ruby Stella is perfectly situated in a vibrant and accessible location, well-positioned to capture both business and leisure demand. As well as allowing us to tap into this dynamic market, the acquisition of the Ruby Stella supports our broader strategy of enhancing portfolio quality through investments in modern, well-located assets with strong fundamentals.”