AXA Investment Managers - Real Assets has acquired a hotel in Amsterdam city centre on behalf of clients for an undisclosed sum.
AXA IM - Real Assets, which manages a €3bn portfolio of hotels across eleven countries, said the acquisition of the 29,710sqm DoubleTree by Hilton Amsterdam Central Station is the fifth addition to its Amsterdam hotels portfolio.
Seller details were undisclosed.
The hotel is operated by Hilton on a long-term management agreement.
Built in 2011, the DoubleTree offers 557 bedrooms. There is also an independently owned and operated carpark, with 1,355 public parking spaces, located beneath the hotel.
Crispijn Stulp, country head, Netherlands at AXA IM - Real Assets, said: “The DoubleTree by Hilton Amsterdam Central Station is a truly core asset benefiting from a prime position in a key European capital city that demonstrates favourable long-term fundamentals.
“Amsterdam is one of Europe’s fastest-growing and most dynamic markets drawing a balanced mix of both leisure and business visitors, making it an ideal destination in which to expand our hotel footprint and an attractive addition to our income-producing managed portfolio.”