Northern Irish developer McAleer & Rushe has completed the sale of its W Hotel development on Leicester Square in London to Qatari investor Al Faisal Holding for just under £200 mln (EUR 232 mln).

McAleer & Rushe developed and built the stylish 192-bedroom Starwood-operated hotel scheme which also includes 11 luxury flats and a 3,200 m2 M&M’s store.

Jones Lang LaSalle and Steerforth Partners advised McAleer & Rushe.