Investment advisory firm Christie + Co is marketing 18 hotels in the UK on behalf of Starwood Capital’s Louvre Hotels, The portfolio comprises 17 Campanile assets and one Première Classe-branded property.
Investment advisory firm Christie + Co is marketing 18 hotels in the UK on behalf of Starwood Capital’s Louvre Hotels, The portfolio comprises 17 Campanile assets and one Première Classe-branded property.
A mixture of freehold and long leasehold sites, the hotels are spread across key locations such as Cardiff, Glasgow, Birmingham, Liverpool, and Manchester. The 18-strong portfolio, which includes a Première Classe-branded hotel in Coventry, comprises 1,549 bedrooms in total.
Campanile is Louvre Hotels’ leading two-star chain, operating in nine European countries through a network of more than 380 hotels and restaurants.
Jeremy Jones, Director at Christie + Co, said he anticipated a strong response from potential buyes: ´The opportunity to acquire over 1,500 bedrooms in some of the UK’s best trading locations is something of rarity. To secure a leading flag on these assets by means of a management contract with Louvre Hotels makes this deal even more exciting.´
