KKR and Baupost acquire 33 Marriott hotels in the UK from ADIA

New-York based global investment company KKR & Co. Inc and Boston-based investment manager Baupost Group, alongside their London-based operating partner Amante Capital, have acquired 33 hotels across the UK from the Abu Dhabi Investment Authority (ADIA), for £900 million. ADIA acquired the then 47-hotel portfolio for £640 million in 2013 from the Royal Bank of Scotland. All hotels are operated under the Marriott and Delta Hotels by Marriott brands, and include the London Marriott Hotel County Hall and the London Marriott Hotel Regents Park. A £600 million loan for the purchase was secured from a consortium including Société Générale, BAML and Deutsche Bank. In May this year, KKR acquired the four-star, 132-room Park Grand London Kensington Hotel in west London alongside Amante, as reported in this newsletter.

Lopesan and Stoneweg acquire Hotel Miguel Angel in Madrid from GMH SPF

Spanish hotel company Lopesan Hotel Group, together with Stoneweg Hospitality, the hospitality arm of Geneva-headquartered real estate investment firm Stoneweg SA, have acquired the five-star, 241-room Hotel Miguel Angel in Madrid, Spain, from Luxembourg-based multinational conglomerate General Mediterranean Holding Group, SPF (GMH SPF), for €200 million (€830,000 per room). Located on Paseo de la Castellana in the Chamberí district, just a five-minute walk from several embassies, the hotel has remained closed since the onset of the covid-19 pandemic. The hotel is set to undergo a one-year renovation. Lopesan Hotel Management, the group’s management arm, is set to operate the property.

Galgorm Collection acquires Roe Park Resort and Galgorm Castle in Northern Ireland

Irish hospitality group Galgorm Collection has acquired the four-star, 118-room Roe Park Resort in Limavady, and the Galgorm Castle in Ballymena, both in Northern Ireland, for a combined price of £28 million. Roe Park Resort is situated by the Roe Valley, just a 20-minute drive from the north coast's Causeway Coastline, whereas Galgorm Castle is about a 35-minute drive northwest of Belfast. The Galgorm Collection has committed an additional £22 million to invest in its properties and estates over the next five years. Plans include a new adults-only spa and ongoing enhancements to the golf facilities at Roe Park Resort, along with further improvements to the golf course at Galgorm Castle. 

Ginto Hotels and Arnaud family acquire Hôtel Pilgrim Paris - Quartier Latin

French owner-operator Ginto Hotels Group, together with France’s Arnaud family, have acquired the four-star, 53-room Hôtel Pilgrim Paris - Quartier Latin in France. The hotel opened in November 2023 and is situated on the Left Bank, opposite the Collège des Bernardins in the 5th district of Paris, just a 10-minute walk from Notre-Dame. It features a panoramic rooftop, and a spa with a hammam and swimming pool. The property is now part of the Ginto Hôtels Collection. Ginto Hotels Group was founded in 2016, and with this transaction, its portfolio now comprises six hotels with 208 rooms across France.

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