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Europe Hotel Transactions Bulletin - Week Ending 21 May 2021

Europe Hotel Transactions Bulletin - Week Ending 21 May 2021
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The
Morrison Hotel located in the quays of Dublin, Ireland, has been acquired by UK private equity firm
Zetland Capital from Russian billionare
Elena Baturina, for a reported price of
€65 million (€460,000 per room). Ms Baturina acquired the 141-room property in 2012 from NAMA, as the first hotel sale of the Irish asset management agency, for €22 million. During her ownership, the hotel was rebranded to a DoubleTree by Hilton and benefitted from a €10 million renovation programme.
Hilton Bracknell, UK sold to KSL
The 215-room
KSL Capital Partners by UK real estate investor ....

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Bracknell hotel to leave the Hilton brand

Pic: Hilton Hotel Bracknell
A HOTEL in Bracknell will no longer be operating under the Hilton brand, it was announced.
The Hilton Hotel Bracknell, which has been in operation for more than 20 years, will cease to trade under the Hilton name as of May 4.
A spokesman for Hilton Hotels said: As a result of the upcoming sale of Hilton Bracknell, and in line with our asset light strategy, Hilton has agreed to exit the hotel. Hilton Bracknell will therefore cease to operate under the Hilton brand from 4 May 2021.
Hilton Hotel Bracknell
Hilton Bracknell has successfully operated for more than 20 years and we continue to welcome guests in the local area at DoubleTree by Hilton St. Anne s Manor. ....

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