APG and GIC-backed Archer Hotel Capital, a specialist European hotel investment vehicle, has acquired two Hoxton Hotels in London for £215 mln (€250 mln).
The investor purchased the 210-key Hoxton Shoreditch and the 220-key Hoxton Holborn in London from Norlake Hospitality.
The hotels are prominently located in the heart of the UK capital and following the transaction, they will continue to be managed by Ennismore.
Dominic Seyrling, managing director of Archer Hotel Capital, said: 'We are delighted to return to London with two high-quality assets with strong brand recognition in the market and in highly sought-after locations.
'As Europe’s leading hotel market, London remains a key city for Archer’s long-term strategic vision. We are equally pleased to enter a new operating relationship with Ennismore, which has set the benchmark in the lifestyle space over the last decade.'
Archer was advised by Hogan Lovells, Pricewaterhouse Coopers, TFT Consultants, Lockton and Howden M&A.
