Frédéric de Brem, Head of Schroders Real Estate Hotels “I am pleased to announce that today, Algonquin has been acquired by Schroders. This acquisition is a significant step in the growth of Schroders’ private assets and alternatives business. The Schroders Real Estate team has an excellent track record in various sectors such as offices, retail, logistics, residential and self storage and we are delighted to be part of its expansion into the hospitality sector. Schroders and Algonquin both share ambitions to prepare the future and are fully focused on clients’ needs.“Read the whole news
Extendam and Schroder Real Estate Hotels (a division of Schroder Real Estate created following the acquisition of Algonquin Management Partners) have acquired the newly opened Art-deco style hotel “Eiffel Blomet”. This acquisition is the second acquisition in Paris performed by Schroder Real Estate Hotels since its acquisition of Algonquin Management Partners.Read the whole news
KKR, Silverback and Schroder Real Estate Hotels (a division of Schroder Real Estate created following the acquisition of Algonquin Management Partners) have acquired the Forest Hill Hotel La Villette and the adjoining restaurant operated under the Hippopotamus banner. This acquisition is the first performed by Schroder Real Estate Hotels since its acquisition of Algonquin Management Partners.Read the whole news
Algonquin Management Partners and Extendam completed the acquisition of a 4-star and 200 rooms hotel, operated under the Radisson Blu brand.Read the whole news
Extend AM and Algonquin have acquired, in an off-market process, the 143-room AC by Marriott hotel located on Nice’s famous “Promenade des Anglais”.Read the whole news
Bpifrance and BNP Paribas Développement have announced a 23m€ investment in Algonquin Management Partners – a leading European hotel operator, investor and asset manager – in order to support the growth of its activities in France and in the rest of the world. This investment, led by Bpifrance, enables the two co-investors to become minority shareholders and join Jean-Philippe Chomette, the group’s founder, who remains the majority shareholder through Algonquin SA, and the management team led by Frédéric de Brem, CEO of Algonquin Management Partners, and Stéphane Obadia, Managing Director in charge of development.Read the whole news
Hotel Investment Conference Europe (Hot.E) Announces
Deal of the Year Award Winners
London, UK - Burba Hotel Network (BHN), host of the Hotel Investment Conference Europe (Hot.E) 2016, announced the winners of the Hot.E Deal of the Year Awards in the categories of Merger & Acquisition/Portfolio of the Year and Single Asset Transaction of the Year. The awards were presented at Hot.E on 27 September 2016, at the Hilton London Bankside.
Investment in the Media Harbour district highlights the increasingly dynamic economy of Düsseldorf and strengthens the common strategy of Aviva France and Algonquin and to develop together in buying major hotels in European gateway cities.Read the whole news
The fund « PRIMOTEL EUROPE » has the objective of investing 240 million Euros over 3 years, in French and European hotels in the 3 to 5-star category.
« PRIMOTEL EUROPE » has made its first acquisition in December, of two hotels in Brussels: the Renaissance Brussels and the Marriott Executive Apartments Brussels, both situated close to the European Parliament.
A joint venture between private equity real estate fund managers, UK-based Benson Elliot and US-based Walton Street Capital, L.L.C. (“Walton Street”) in partnership with Algonquin SA (the “JV”), has acquired a pan-European hotel portfolio comprising of eight prime hotels in seven major cities across five countries, the Prime Europe Hotels (the “Portfolio”) for approximately €420 million. The Portfolio was purchased out of Host Hotels & Resorts Inc.’s European Joint Venture(the “Vendor”).Read the whole news