Hotel Transaction London

Two of UK's Largest Hotels Snapped Up in £500m Deal - The Telegraph

Excerpt from The Telegraph

Property investor Henderson Park, founded by former Goldman Sachs executive Nick Weber last year, has confirmed the acquisition of two of the UK’s largest hotels in a deal thought to be worth around £500m.

The deal for the Hilton London Metropole and Hilton Birmingham Metropole marks the investor’s first move into UK hotels, and takes its buying spree to date to roughly $1.3bn (£1bn) of assets.

The 790-room Birmingham hotel is the country’s largest outside of the capital, while the 1,059-room London property is the city’s second largest by room count.

Henderson Park has previously bought Le Méridien Étoile, the largest hotel in Paris, for €365m (£329m), and The Ledra, a 5-star hotel in Athens.

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