London's Iconic BT Tower Sold To Become Hotel

The BT Tower in central London is set to be transformed into a hotel (Credit: AFP)

British telecoms giant BT Group announced Tuesday the sale of its famous BT Tower and that the building located in the heart of London will be transformed into a hotel.

The London-listed company has agreed to sell the building for GBP275 million ($347 million) to New York-based MCR Hotels.