The landmark BT Tower in London, a communications tower first built in 1965, has been bought by hotel owner-operator MCR from telecommunications firm BT Group for £275m in readiness for its transformation into a new hotel.

The 620-foot structure was the city’s tallest building until 1980 and is listed by England’s Historic Buildings and Monuments Commission.

The BT Group used the tower as a private corporate and charity event space.

“We will take our time to carefully develop proposals that respect the London landmark’s rich history and open the building for everyone to enjoy,” said MCR owner and CEO Tyler Morse.

MCR has more than 150 hotels within its portfolio of accommodations and adding the BT Tower will reinforce its business acumen.

Image: BT Tower