Hotels featured in new owners’ plans for Selfridges

Central Group and Signa are on track to close on their acquisition of Selfridges in June, adding 18 department stores to the partners’ existing portfolio of European retail properties. The new owners plan to redevelop and reopen The Selfridge Hotel in London, upgrade Selfridges upscale food offerings and develop a hotel and luxury department store in Vienna, Central Group Europe CEO Stefano Della Valle said.