BT Tower to become hotel as London landmark sold for £275m

The BT Tower, previously known as the Post Office Tower, was completed in 1964. Photograph: Vuk Valcic/Sopa Images/Shutterstock

The BT Tower is to be converted into an upmarket hotel, after the British telecoms company agreed to sell the London landmark to the owner of some of New York’s best-known places to stay for £275m.

BT Group said the deal with MCR Hotels would preserve the Grade II-listed building for the future, given that the evolution of fixed and mobile networks meant it no longer relies on the tower to carry microwave signals from London to the rest of the UK.