Excerpt from The Telegraph
Property investor Henderson Park, founded by former Goldman Sachs executive Nick Weber last year, has confirmed the acquisition of two of the UK’s largest hotels in a deal thought to be worth around £500m.
The deal for the Hilton London Metropole and Hilton Birmingham Metropole marks the investor’s first move into UK hotels, and takes its buying spree to date to roughly $1.3bn (£1bn) of assets.
The 790-room Birmingham hotel is the country’s largest outside of the capital, while the 1,059-room London property is the city’s second largest by room count.
Henderson Park has previously bought Le Méridien Étoile, the largest hotel in Paris, for €365m (£329m), and The Ledra, a 5-star hotel in Athens.
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