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Evening Standard

Business

Christian Sylt and Caroline Reid

Luxury hotels group Firmdale has sold 20% stake to Swedish pharma tycoon

Firmdale hotels are known for their opulent and quirky interiors - (Crosby Street Hotel)

Firmdale, the London boutique hotel chain which counts Halle Berry, Daniel Craig and John Travolta among its guests, has revealed that it has sold a 20% stake in the business to Swedish pharmaceuticals tycoon Lennart Perlhagen.

It is the first time that a significant stake in Firmdale has been sold to an external investor since it was founded in 1985 by husband and wife team Tim and Kit Kemp.

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