Invesco Real Estate has acquired the 168-room Patio Hotel Aberdeen from hotel real estate advisor Molinaro Koger (MK) which acted on behalf of Patio Hotels (UK). The financial details of the transaction were not disclosed. The hotel is to be converted into the Doubletree by Hilton Aberdeen city and will be franchised under Hilton License by Patio Hotels (UK) Ltd, becoming Hilton's second Doubletree-branded property in the UK.
Invesco Real Estate has acquired the 168-room Patio Hotel Aberdeen from hotel real estate advisor Molinaro Koger (MK) which acted on behalf of Patio Hotels (UK). The financial details of the transaction were not disclosed. The hotel is to be converted into the Doubletree by Hilton Aberdeen city and will be franchised under Hilton License by Patio Hotels (UK) Ltd, becoming Hilton's second Doubletree-branded property in the UK.
'As a market leader, The Patio Hotel is an exceptional opportunity for an investor to acquire an outstanding asset and to add an internationally-recognised brand,' says MK's Mark Blick.
