High-end Coventry hotel sold to private equity investor
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Coventry’s Hilton hotel has been sold as part of a UK- and Ireland-wide deal which has seen Henderson Park take control of 12 venues.
The DoubleTree by Hilton hotel in Coventry has been snapped up by the private equity real estate investor alongside premises in other cities and towns including London, Edinburgh, Glasgow, Dublin, Bristol, Dartford, Newbury and Southampton.
The value of the deal is undisclosed.
Nick Weber, founding partner of Henderson Park, said: “This 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. Hospitality 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.”
Christophe Kuhbier, managing director at Henderson Park, added: “We 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. We’ve worked closely with Hilton before and look forward to continuing our partnership and replicating our successes again.”
Finance for the transaction was provided by Apollo. Henderson Park was advised on financing by Eastdil.