Press

10.2019

Schroder Real Estate and BAE Pension Funds acquire the Sofitel London Gatwick

Schroders has acquired the Sofitel Gatwick North Terminal on behalf of a joint venture between BAE Pension
Funds, and Immobilien Europa Direkt, an investment vehicle of Zurich Investment Foundation managed by
Schroders.

10.2019

Benson Elliot and Schroders acquire €240m Disneyland Paris hotel portfolio

A joint-venture led by UK-based private equity real estate fund manager Benson Elliot Capital Management (“Benson Elliot”) and Schroder Real Estate Hotels (“SREH”, formerly Algonquin) has acquired three hotels (the “Portfolio”) totalling 1,183 rooms in Disneyland, Paris

04.2019

Capital France Hotel, a hotel investment vehicle managed by Schroder Real Estate Hotels, acquires two assets in Antwerp, Belgium from KKR

Capital France Hotel, a hotel investment vehicle managed by Schroder Real Estate Hotels, has completed the acquisition of two new properties: the Radisson Blu Astrid Hotel and the Park Inn by Radisson Hotel, both located in front of the main train station of Antwerp, Belgium.

03.2019

Benson Elliot, Walton Street and Schroders check out of Prime Europe Hotels portfolio
-Sale of Sheraton Warsaw marks final exit, delivering >€600 m in proceeds-

A joint venture between UK-based Benson Elliot and US-based Walton Street Capital, L.L.C. (“Walton Street”), in partnership with Schroders (the “JV”), has sold the Sheraton Hotel in Warsaw to Patron Capital (“Patron”), the pan-European institutional investor focused on property-backed investments. The transaction marks the eighth and final disposal from the Prime Europe Hotels (the “Portfolio”), a portfolio of eight full-service hotels across seven European gateway cities acquired in October 2015.

03.2019

Patron Capital acquires trophy Warsaw hotel

Patron Capital (“Patron”), the pan-European institutional investor focused on property-backed investments, has completed the acquisition of the Sheraton Warsaw Hotel from a consortium comprising Benson Elliot, Walton Street and Schroder Real Estate Hotels.

04.2019

Extendam, Schroder Real Estate Hotels and another hotel dedicated fund acquire the lifestyle hotel Aloft Brussels Schuman

Extendam, Schroder Real Estate Hotels (a division of Schroder Real Estate created following the acquisition of Algonquin Management Partners) and another hotel dedicated fund have together acquired the hotel Aloft Brussels Schuman in central Brussels. This is Schroder Real Estate Hotel’s third acquisition in Brussels.

25.07.2018

Extendam, Schroder Real Estate Hotels and 2 other minority interests make joint acquisition of the design boutique hotel Eiffel Blomet in central Paris

Extendam and Schroder Real Estate Hotels (a division of Schroder Real Estate created following the acquisition of Algonquin Management Partners) have acquired the newly opened Art-deco style hotel “Eiffel Blomet”. This acquisition is the second acquisition in Paris performed by Schroder Real Estate Hotels since its acquisition of Algonquin Management Partners.

16.07.2018

KKR, Silverback and Schroder Real Estate Hotels make joint acquisition of Forest Hill La Villette Hotel in Paris

KKR, Silverback and Schroder Real Estate Hotels (a division of Schroder Real Estate created following the acquisition of Algonquin Management Partners) have acquired the Forest Hill Hotel La Villette and the adjoining restaurant operated under the Hippopotamus banner. This acquisition is the first performed by Schroder Real Estate Hotels since its acquisition of Algonquin Management Partners.

03.05.2018

Schroders broadens client offering and accelerates growth of real estate division with acquisition of Algonquin

Schroders today announces it has reached agreement to acquire Algonquin, a specialist pan-European hotels investment and management business with AUM of €1.8 billion. This includes Schroders acquiring various co-investments alongside Algonquin’s existing clients. The acquisition of Algonquin accelerates the growth of Schroders’ real estate business and complements its existing capabilities and expertise. This acquisition is a significant step in the growth of our private assets and alternatives business which is of strategic importance to the Group and totals around £33 billion AUM*. This capability includes Securitised Credit, Private Equity, Infrastructure Finance, ILS and SME Lending alongside the Real Estate business which is the largest component with assets over £13 billion.

10.10.2017

Algonquin Management Partner and Extendam acquire the Radisson Blu Hotel Toulouse Airport

Algonquin Management Partners and Extendam completed the acquisition of a 4-star and 200 rooms hotel, operated under the Radisson Blu brand. Located in Blagnac, opposite the 5th airport of France and a few steps from one of the main business parks of France, the hotel, which is currently operated under a management contract by Rezidor under its Radisson brand, will operate from 1 January 2018 under a simple franchise agreement.

03.07.2017

Algonquin and Extendam acquire the AC by Marriott Nice

Extend AM and Algonquin have acquired, in an offmarket process, the 143-room AC by Marriott hotel located on Nice’s famous “Promenade des Anglais”.

08.11.2016

Algonquin Management Partners welcomes Bpifrance and BNP Paribas Développement as new shareholders to boost its growth

Bpifrance and BNP Paribas Développement have announced a 23m€ investment in Algonquin Management Partners – a leading European hotel operator, investor and asset manager – in order to support the growth of its activities in France and in the rest of the world. This investment, led by Bpifrance, enables the two co-investors to become minority shareholders and join Jean-Philippe Chomette, the group’s founder, who remains the majority shareholder through Algonquin SA, and the management team led by Frédéric de Brem, CEO of Algonquin Management Partners, and Stéphane Obadia, Managing Director in charge of development.

20.07.2016

Primotel Europe and Algonquin acquire the Hyatt Regency Düsseldorf

Investment in the Media Harbour district highlights the increasingly dynamic economy of Düsseldorf and strengthens the common strategy of Aviva France and Algonquin and to develop together in buying major hotels in European gateway cities.

20.01.2016

AVIVA INVESTORS REAL ESTATE FRANCE SGP AND ALGONQUIN ANNOUNCE THE CREATION OF « PRIMOTEL EUROPE »

The fund « PRIMOTEL EUROPE » has the objective of investing 240 million Euros over 3 years, in French and European hotels in the 3 to 5-star category. « PRIMOTEL EUROPE » has made its first acquisition in December, of two hotels in Brussels: the Renaissance Brussels and the Marriott Executive Apartments Brussels, both situated close to the European Parliament.

29.10.2015

Joint-Venture of Benson Elliot, Walton Street, Algonquin book into pan-European hotel portfolio for €420 million

A joint venture between private equity real estate fund managers, UK-based Benson Elliot and US-based Walton Street Capital, L.L.C. (“Walton Street”) in partnership with Algonquin SA (the “JV”), has acquired a pan-European hotel portfolio comprising of eight prime hotels in seven major cities across five countries, the Prime Europe Hotels (the “Portfolio”) for approximately €420 million. The Portfolio was purchased out of Host Hotels & Resorts Inc.’s European Joint Venture(the “Vendor”).

17.06.2015

KKR acquires two hotels in Antwerp

Investment underlines the city's potential as a growing business and leisure hub. London, June 11th, 2015 - KKR, a leading global investment firm, today announced the purchase of the Radisson Blu Astrid Hotel and the Park Inn Hotel in Antwerp, Belgium, in a joint venture with Algonquin, one of Europe's leading independent hotel groups.

01.08.2014

Novotel Liverpool Centre acquired out of Administration by Algonquin and a Group of Investors

Algonquin is pleased to announce the acquisition, along with a Group of Investors, of the 4-star, 209-room Novotel Liverpool Centre hotel for c. £13.5 million. The hotel has been acquired from Joint Administrators David Oprey, Richard Toone and Adrian Hyde of Chantrey Vellacott DKF.

12.12.2013

Sheraton Hotel Krakow is acquired by Algonquin SA and co-investors

29.10.2013

Courtyard by Marriott Paris La Défense West – Colombes acquired by Algonquin

06.12.2012

Amundi Immobilier and Algonquin acquire the Sofitel Paris-La Défense

05.04.2012

Acquisition of the Holiday Inn Toulouse Blagnac and the Explorers Hotel by Verquin

21.12.2010

Algonquin and Very SAS acquired jointly the Courtyard Saint-Denis

18.10.2010

Algonquin and Benson Eliott acquired jointly the Novotel Edinburg Park

16.05.2012

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