Carlton Group, a real estate private equity firm headquartered in New York, has established a new team to provide 'aggressive' investment sales services to its worldwide clients.
Carlton Group, a real estate private equity firm headquartered in New York, has established a new team to provide 'aggressive' investment sales services to its worldwide clients.
The team, focusing on high end properties worth over €100 mln, consists of Carlton's chairman Howard Michaels, Carlton Hospitality's president John Bralower, and senior investment banker, Javier Beltran, who runs Carlton’s Iberian franchise. The unit is currently advising on close to €1 bn of exclusive sales mandates throughout Spain and Portugal.
Michaels has been one of the world’s top deal makers in Manhattan, completing over $50 bn of prime Manhattan transactions and also closing the largest single asset trade in Europe last year when he facilitated the €250 mln recapitalisation at the Four Seasons in Milan, Italy.
Beltran recently brokered the sale of the Westin Valencia hotel in Spain on behalf of Spanish financial group Bankia and has just launched the sale of a seven hotel portfolio in the Canary Islands which generates close to €100 mln in revenues.
Bralower is the exclusive advisor on two large European transactions representing over 3,000 hotel keys and including Portugal’s Reids Palace hotel.
With offices in Madrid, Frankfurt, Milan, Athens, and Tel Aviv, The Carlton Group Europe has completed a number of hotel deals in the recent past, including the €250 mln recapitalization of the Four seasons Hotel in Milan, the $800 mln sale of the Savoy Hotel Portfolio, the €685 mln CIGA Hotel Portfolio, and the Villa d’Este five-star resort on Lake Como.
