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Starwood capita...

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Starwood capital 135 million p

Date of release:2018-03-02 Author: Click:

The Starwood Capital Holdings subsidiary, starwood Global Opportunity Fund XI, bought 7 Hilton Hotel with more than 1300 rooms in the hands of Park Hotels & Resorts at 135 million pounds.

The 7 hotels acquired include a Hilton London Islington with 188 rooms, a 173 guest room of Hilton bass, 184 rooms, 198 rooms, 278 rooms, and 138 rooms of rice. Hilton Cairns and 175 guest rooms in Karen bridge Hilton Hotel.

Kew Green Group, a wholly-owned subsidiary of CTS, will manage several hotels in London, Edinburgh, bass and Belfast, in accordance with the Hilton franchise agreement. Starwood capital plans to refurbish several hotels in 12 months.

This is the second cooperation between the two sides. The first cooperation was in April 2017. The starwood Global Opportunity Fund XI bought the Holiday Inn in the centre of Manchester with 298 rooms from the Dominvs group. The hotel opened in April 2016 and was then chartered by Kew Green Group.

Jon Asumendi, vice president of Starwood capital group, said: "we are pleased to be able to work with Kew Green again. The superior location of the hotel has the potential to be achieved. We look forward to investing in these properties with Kew Green, and using the hotel expertise of Starwood capital group to achieve maximum performance and return on investment.

"The management of these 7 high - quality Hilton brand assets has made our group a step forward, and we are also happy to cooperate with Starwood capital to create value together. "Jamie Lamb, the executive chairman of Kew Green Group, said.

Kew Green, a large hotel group in the UK, is a wholly owned subsidiary of Hong Kong China Travel Service. In August 2015, Hong Kong China brigade Metropark Hotel Co., Ltd. successfully acquired all shares issued by Kew Green Hotels for 400 million pounds, and became the sole shareholder of Kew Green Hotels, and successfully entered the market of the Grande Bretagne Hotel.

In November 2016, Starwood capital in the British formal lifestyle The Inn Boutique Principal Hotels, following the acquisition of The Grand Hotel in Bermingham, UK, as of May 2017, Principal Hotels owned and operated 39 hotels in the UK.

Kew Green operates more than 50 Holiday Inn, Beijing, Beijing, Glasgow, Liz, Liverpool, Bermingham, Manchester and Portsmouth.


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