The Blakes Hotel in London has been acquired for £20m, and its new owners are considering rolling out the brand across the globe.

The iconic, 52-bedroom hotel was bought out of administration by hoteliers and investors Navid Mirtorabi and Meir Abutbul.

The hotel - designed by Anouska Hempel in 1981 - was acquired by buy-to-let firm GuestInvest in 2007, but that company went into administration in 2008.

Meir Abutbul, who is the director of the new management company Blakes Management Limited, said: “Blakes is spectacular. It looks sumptuous, but we have some improvements in mind and Anouska Hempel will be in charge of design and styling. We are also planning on expanding the Blakes brand internationally.”

Nick Worthington, relationship director at Barclays Corporate, which provided finance for the purchase, added: “The London boutique sector continues to perform very strongly, and the opportunity that an expansion of Blakes presents is a compelling one. It is great for us to be working alongside Navid and Meir as they take Blakes to the next level”.