Henderson Park is buying a portfolio of 12 hotels across the UK and Ireland.
The European real estate investment group has said it has agreed to buy the 2,424-key portfolio of predominantly freehold Hilton branded hotels located in cities including London, Edinburgh, Glasgow and Dublin.
Financial details were undisclosed.
Nick Weber, founding partner of Henderson Park, said: 鈥淭his transaction presents us with a rare opportunity to acquire a large, high-quality portfolio of assets, timed to capitalise on the potential for a near term return to travel as well as a wider post-pandemic recovery over the years to come.
鈥淗ospitality remains a high conviction asset class for Henderson Park, and one where we have an experienced team who are excited to manage this landmark portfolio.鈥�
Christophe Kuhbier, managing director at Henderson Park, said: 鈥淲e believe these assets can deliver reliable cash flow, being located in key business and tourism hubs, and see an opportunity to drive growth through hands-on management.
鈥漌e鈥檝e worked closely with Hilton before and look forward to continuing our partnership and replicating our successes again.鈥�
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