In 2001, the Baglioni Hotel was acquired for £21 million.

At the time of acquisition the asset was an operational 93 bed hotel in decline. After 6 months, it was closed and planning permission was improved. A 70 suite 5 star hotel with public areas separate bar and restaurant was created. Baglioni took a lease of the whole.

The Investors have continued to hold the investment although it has had unsolicited bids for in excess of £60m (2011).