Borealis Hotel Group (“Borealis”, “BHG” or “the company”), a leading hospitality group headquartered in the Netherlands, is pleased to announce that Bierwirth & Kluth Hotel Management GmbH (“B&K”), a hotel operator in the DACH region, has joined the company. Parallel to the acquisition, BHG is proud that Atlantic Park Strategic Capital Fund (“AP” or “Atlantic Park”), a joint venture between General Atlantic and Iron Park Capital Partners, has joined the shareholder structure, alongside existing investor Three Hills Capital Partners (“THCP”) and the founders. In connection with this transaction, Matthew Bonanno, Managing Director at Atlantic Park, and Varun Bahri, Managing Director at Iron Park Capital Partners, have joined BHG’s Board of Directors.