<p>London's iconic BT Tower is set to become a hotel after the owner BT Group said it had agreed to sell the 177-metre building in the capital's West End to MCR Hotels for 275 million pounds ($347 million).</p><p>The tower, opened by Prime Minister Harold Wilson in 1965, was London's tallest building for 16 years until the NatWest Tower in the City of London was built.</p>.<p>Its role in communications has diminished as fixed and mobile technology changes, and its microwave aerials were removed more than a decade ago as they were no longer needed to connect London to the rest of the country.</p><p>BT's Property Director Brent Mathews said the tower, which sits at the heart of London, had played a vital role in carrying the nation's calls, messages and TV signals.</p>.Indian hotel industry revenue expected to grow 7-9% in FY25: ICRA.<p>"This deal with MCR will enable BT Tower to take on a new purpose, preserving this iconic building for decades to come," he said.</p><p>Tyler Morse, CEO and owner of MCR Hotels, said: "We are proud to preserve this beloved building and will work to develop proposals to tell its story as an iconic hotel, opening its doors for generations to enjoy."</p>
<p>London's iconic BT Tower is set to become a hotel after the owner BT Group said it had agreed to sell the 177-metre building in the capital's West End to MCR Hotels for 275 million pounds ($347 million).</p><p>The tower, opened by Prime Minister Harold Wilson in 1965, was London's tallest building for 16 years until the NatWest Tower in the City of London was built.</p>.<p>Its role in communications has diminished as fixed and mobile technology changes, and its microwave aerials were removed more than a decade ago as they were no longer needed to connect London to the rest of the country.</p><p>BT's Property Director Brent Mathews said the tower, which sits at the heart of London, had played a vital role in carrying the nation's calls, messages and TV signals.</p>.Indian hotel industry revenue expected to grow 7-9% in FY25: ICRA.<p>"This deal with MCR will enable BT Tower to take on a new purpose, preserving this iconic building for decades to come," he said.</p><p>Tyler Morse, CEO and owner of MCR Hotels, said: "We are proud to preserve this beloved building and will work to develop proposals to tell its story as an iconic hotel, opening its doors for generations to enjoy."</p>