BT Tower to become hotel as London landmark sold for £275m

Telecoms group agrees sale of Grade II-listed tower to US operator MCR Hotels

The BT Tower is to be converted into an upmarket hotel, after the British telecoms company agreed to sell the London landmark to the owner of some of New York’s best-known places to stay for £275m.

BT Group said the deal with MCR Hotels would preserve the Grade II-listed building for the future, given that the evolution to fixed and mobile networks mean it no longer relies on the tower to carry signals from London to the rest of the country.