European micro accommodation investor Kabannas has added assets in the UK to its portfolio.
The RoundShield Partners-backed firm said it has acquired the portfolio of properties located in London, Liverpool and Newcastle from YHA England & Wales for an unspecified amount.
The Kabannas platform is targeting €100m-plus in acquisitions across Europe.
The platform intends to acquire existing hospitality assets, or assets worth between €10m to €50m with planning permission in central city locations, that require refurbishment or repositioning, the company said.
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