Queensway and Clearbell acquire The Sloane Club

Queensway and Clearbell Capital today announce the acquisition of The Sloane Club from Caledonia Investments.  Queensway will oversee the management and development of The Sloane Club on behalf of a joint venture between JK Chelsea Holdings Limited, an affiliate of Queensway and a fund managed by Clearbell.

The Sloane Club is an exclusive private members club located in the heart of Chelsea close to Sloane Square.  The Club has c.3700 members and provides a range of high quality facilities for its members including lounges, casual and formal dining, a bar, meeting rooms, a spa and over 130 bedrooms. The club boasts 75,000 sq ft of space in prime central London.  Under Caledonia’s ownership, there has been significant investment to extend and improve the facilities provided to members.

The Joint Venture intends to retain the existing management of The Sloane Club in order to ensure continuity of service and the strong personal relationships which have been built with members over many years. The plan is to undertake significant capital expenditure into the Sloane Club, including supporting management’s plans to enhance the food and beverage offering and enhance the ground floor areas.

Naushad Jivraj, CEO of Queensway Group said:

“The Sloane Club is an iconic club based in an elegant building in an attractive location with a wonderful loyal membership.  We intend to respect the history and heritage of the club and to maintain the existing service for members as we invest to further enhance and upgrade the facilities over time.  We see tremendous potential to develop a unique offering for people who wish to enjoy an exclusive members’ club environment in this location.”

Rob Mills, Partner of Clearbell Capital said:

“We have a strong track record of investing in and improving UK assets. The history of The Sloane Club and its considerable potential set it out as an exceptional investment opportunity. We are conscious of our responsibilities as custodians of this historic London club and we will be supporting the plans to enhance the offer for members. We are delighted to be working with Queensway as they have a long track record in the hospitality business”

“The Sloane Club is an iconic club based in an elegant building in an attractive location with a wonderful loyal membership. We intend to respect the history and heritage of the club and to maintain the existing service for members as we invest to further enhance and upgrade the facilities over time. We see tremendous potential to develop a unique offering for people who wish to enjoy an exclusive members’ club environment in this location.”

— Naushad Jivraj, CEO of Queensway Group

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