London, UK:
British telecoms giant BT Group announced on Tuesday that it is selling its famous BT Tower and converting the building in central London into a hotel.
The London-listed company has agreed to sell the building to New York-based MCR Hotels for 275 million pounds ($347 million).
BT said in a statement: “MCR Hotels… plans to retain BT Tower as an iconic hotel, ensuring its status as a future London landmark.”
Many operations traditionally provided by listed buildings are now provided via fixed and mobile networks instead.
Tyler Morse, CEO and owner of MCR Hotels, said: “We are proud to preserve this much-loved building and will work hard to develop proposals that tell its story as an iconic hotel for generations to come. Open the door for people and let them enjoy it.”
Originally called the Post Office Building, the building was completed in 1964 and officially opened a year later by then Prime Minister Harold Wilson.
The tower is 177 meters (580 feet) high, or 189 meters including aerial rigging.
It originally included a revolving restaurant and panoramic view gallery on the top floor.
However, in 1971, a bomb exploded on the 31st floor, causing serious damage but no casualties, and the museum was subsequently closed.
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