Invesco Real Estate (Invesco) has announced the acquisition of the QO Amstelkwartier hotel in Amsterdam on behalf of clients of CBRE Global Investment Partners for an undisclosed amount.
The 23-storey hotel was designed and developed by Amstelside and aims to become Europe’s first Platinum-LEED certified hotel.
Located in the Amstel area of South-East Amsterdam, the asset will be managed on a day-to-day basis by international hotel group, IHG, on a management contract. It features 288 rooms, conference facilities, a restaurant and rooftop bar with 360° views over Amsterdam.
'The opportunity to work with our partners, with their in-depth local knowledge and expertise, and our investor to deliver such an exciting, first-of-its-kind, best-in-class
“lifestyle destination” hotel concept into what Invesco regards as one of the strongest hotel markets in Europe is fantastic,' said Marc Socker, managing director – Hotel Fund management, Europe at Invesco Real Estate.
Sander van Riel, head of Continental Europe, CBRE Global Investment Partners said: 'The acquisition of the QO Hotel Amstelkwartier is in line with a key GIP strategy – to acquire very well located and positioned hotels in liquid markets.'
Over the past 12 months, Invesco Real Estate has transacted around $1 bn in the European hotel market on behalf of its European mandates.
