UK: World funding agency KKR and its European hospitality accomplice Amante Capital have acquired of the Park Grand London Kensington Lodge from Bartek Holdings Restricted for an undisclosed quantity.
The 132-bedroom Park Grand London Kensington Lodge will endure a refurbishment, which can embody enhancements to the property’s environmental credentials, and be repositioned as a boutique way of life lodge operated by Amante Capital below Marriott’s Tribute Portfolio model.
It marks the primary acquisition by KKR and Amante because the latter launched in 2022.
The acquisition was made by means of KKR’s Actual Property Companions Europe II (REPE II), a fund devoted to value-add and opportunistic actual property investments in Western Europe.
Colliers suggested KKR and Amante on the acquisition.
Mai-Lan de Marcilly, managing director and head of transactions – France and motels at KKR, mentioned: “We’re delighted to announce our first acquisition with Amante Capital since launching the strategic partnership. The transaction is a testomony to the gifted group, reaffirming our robust conviction in constructing a best-in-class working platform to speculate behind robust secular demand for European and UK hospitality and engaging pricing in a dislocated capital market.”
Amante Capital is concentrated on sourcing and buying lodge alternatives throughout Europe, together with asset administration and operational.
