Italy Property Giant to Buy Luxury London Hotel for £180 Million

One of Italy’s best-known hoteliers has agreed to purchase a luxury hotel in Bayswater for roughly £180 million ($229 million), one of London’s biggest property deals this year.

Gruppo Statuto will buy the Six Senses Hotel at The Whiteley, a former office building that’s being converted into a luxury residential facility, according to people familiar with the matter. The 109-room hotel — currently owned by Hong Kong builder C C Land Holdings Ltd. and investment firm MARK – will officially change hands when it opens next year, the people said, asking not to be identified as the information isn’t ...