New investment company snaps up Hampton by Hilton Waterloo and Doubletree by Hilton York

21 September 2021 by
New investment company snaps up Hampton by Hilton Waterloo and Doubletree by Hilton York

Hotel management company Michels & Taylor (M&T) has taken over the operation of two Hilton-branded properties following their sale by Shiva Hotels.

The 297-bedroom Hampton by Hilton Waterloo and 143-bedroom Doubletree by Hilton York have been acquired by Conker Dawn, a new hotel investment vehicle led by Blackbear Capital's founder and managing partner Heath Forusz, supported by John Nacos and Michael Stanton.

A third hotel is expected to be acquired by Conker Dawn in the coming weeks as the company sets about building up a portfolio of hotels across the UK and Europe, with M&T as the operating partner.

The two hotels take the number of properties managed by M&T up to 25, comprising more than 3,500 bedrooms.

M&T has long been known for its hotel advisory and asset management businesses, while it has set up its managed division more recently.

Forusz said: "We are very excited to have secured our first major deal in the UK for our new vehicle. These two assets set the standard for our future acquisition strategy – first-class hotels in great locations with real potential for growth."

Shiva Hotels, which was founded by former Lehman Brothers derivatives trader Rishi Sachdev in 2001, now numbers four hotels: Lincoln Plaza London, operated under Hilton's Curio Collection; Hilton London Heathrow Airport Terminal 5; the Guardsman at Buckingham Gate; and Middle Eight in Covent Garden.

Photo: Chrispictures/Shuttestock.com

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking