A controlled affiliate of Starwood Global Opportunity Fund XI acquired some hotels in the UK.
One of Starwood Global Opportunity Fund XI’s controlled affiliates purchased a portfolio of 1,300 rooms from Park Hotels & Resorts for £135 million.
It represents seven hotels throughout the United Kingdom, including in London, Edinburgh, Bath and Belfast. Those hotels benefit from “high occupancies, high barriers to entry and solid investment fundamentals”.
The portfolio will be managed by Kew Green under franchise agreements with Hilton Worldwide. Starwood and Kew Green already partnered last year within the framework of a first acquisition of the Holiday Inn Manchester.
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