Henderson Park to buy 12-strong Hilton portfolio

European real estate investment platform Henderson Park has exchanged contracts on the acquisition of a 12-strong portfolio of predominantly freehold Hilton branded hotels across the UK and Ireland, including in London, Edinburgh, Glasgow and Dublin.

The transaction of the 2,424 key portfolio, including the Hilton Edinburgh Carlton (pictured), is expected to close later this year. The seller and price were not disclosed.

All 12 hotels are franchised by Hilton. Henderson Park is in advanced discussions with the existing manager, Amaris Hospitality, for the ongoing management of the hotels. Henderson Park already owns the Hilton London Metropole and Hilton Birmingham Metropole.

Nick Weber, founding partner of Henderson Park, said: “This transaction presents us with a rare opportunity to acquire a large, high-quality portfolio of assets, timed to capitalise on the potential for a near term return to travel as well as a wider post-pandemic recovery over the years to come. Hospitality remains a high conviction asset class for Henderson Park, and one where we have an experienced team who are excited to manage this landmark portfolio.”

Christophe Kuhbier, managing director at Henderson Park, added: “We believe these assets can deliver reliable cash flow, being located in key business and tourism hubs, and see an opportunity to drive growth through hands on management. We’ve worked closely with Hilton before and look forward to continuing our partnership and replicating our successes again.”

Finance for the transaction was provided by Apollo. Henderson Park was advised on financing by Eastdil.

The hotels included in the transaction were:

• DoubleTree Glasgow
• Hilton Carlton Edinburgh
• DoubleTree Glasgow Strathclyde
• DoubleTree Edinburgh Airport
• DoubleTree Coventry
• DoubleTree Kings Cross Angel
• DoubleTree Newbury North
• Hilton Garden Inn Dublin
• DoubleTree Bristol North
• DoubleTree Southampton
• DoubleTree Chelsea
• DoubleTree Dartford Bridge