BT has announced it has sold its iconic London landmark, BT Tower to a hotel group.
According to the company MCR Hotels, which paid £275 million for the building, plans to preserve BT Tower as an iconic hotel.
BT Tower has long been an important site for BT Group’s Media and Broadcast business, as one of the key global interchange points for live television, said the company.
As part of its long-term strategy, the Media and Broadcast division has been migrating services onto its cloud-based platform, which will allow a more straightforward move to more modern and efficient premises. This will enable the division to continue to sit at the heart of UK and global media distribution, said BT.
BT Tower was opened for operations in 1965 by prime minister Harold Wilson. Since 1984, it has been operated by BT Group.
Brent Mathews, property director, BT Group said: “The BT Tower sits at the heart of London and we’ve been immensely proud to be the owners of this important landmark since 1984. It’s played a vital role in carrying the nation’s calls, messages and TV signals, but increasingly we’re delivering content and communication via other means. This deal with MCR will enable BT Tower to take on a new purpose, preserving this iconic building for decades to come.”
