Iconic London tower to be turned into a hotel in £275 million deal

The BT Tower in London is set to be transformed into a hotel in a £275 million deal.

It comes after the 620 ft tower, which was opened in 1965, was sold to MCR hotels to help secure its place as one of the capital's landmarks.

Brent Mathews, property director at 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 has played a vital role in carrying the nation’s calls, messages and TV signals, but increasingly we are 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."

Tyler Morse, CEO and owner of MCR Hotels, said: "We are proud to preserve this beloved building and will work to develop proposals to tell its story as an iconic hotel, opening its doors for generations to enjoy."

MCR Hotels own around 150 hotels, including the historic landmark Eero Saarinen-designed TWA Hotel in New York.