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Algonquin – Investor and hotel operator, hhr asset management.#Hhr #asset #management



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    Algonquin, 43 hotels from 3 to 5-star in Europe totaling more than 7,500 rooms

    As an investor using its own balance sheet, Algonquin relies on its in-house teams to operate its acquired hotels. Algonquin identifies hotel investment opportunities and underwrites acquisitions through the creation of dedicated hotel ventures with its different investment partners. The company is then directly involved with day-to-day hotel and asset management thanks to its in-house teams. Thanks to its track record and expertise, Algonquin can offer its partners (i) the opportunity to co-invest alongside with the company and (ii) a hands-on management know-how in dealing with the specific operational issues of this asset class.

    • 04.07.2017

    Algonquin and Extendam acquire the AC by Marriott Nice

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

    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.

    Benson Elliot and Walton Street in partnership with Algonquin SA s portfolio acquisition from Host Hotels Resorts European JV was named Merger Acquisition/Portfolio of the Year.

    Hotel Investment Conference Europe (Hot.E) Announces

    Deal of the Year Award Winners

    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.


    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.

    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”).

    KKR acquires two hotels in Antwerp

    Investment underlines the city’s potential as a growing business and leisure hub

    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.

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

    Algonquin is pleased to announce the acquisition of the 232-room Sheraton Krakow, for c. €38 million.

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