Junson Capital, Hong Kong, has acquired the entire share capital of the company which owns the Doubletree by Hilton Hotel in London’s Docklands, in what deal adviser Colliers International says is the first major hotel transaction by an overseas buyer in London since the UK’s vote to leave the European Union.
The Doubletree by Hilton Hotel, which comprises 378 rooms and has recently undergone a major refurbishment, was acquired from companies controlled by HIG for a price rumored to be around £80 million (US$105 million).
“This acquisition is thought to be the first major hotel transaction by an overseas buyer in London since the EU referendum, demonstrating that foreign capital still sees London as an attractive investment opportunity within the hotel sector,” said Marc Finney, dead of Hotels & Resorts Consulting at Colliers International.
Headquartered in Hong Kong, Junson Capital is a prominent investment management company with multiple investment strategies and a global footprint. Anchored by family funds, its business covers real estate, financial assets and private equity. “The Junson team have a great deal of experience in acquiring hotels but this was their first UK hotel acquisition and represents a substantial investment into the London market,” Finney added.