K + K Hotel George, Kensington, sold to US investors in portfolio deal

Family owned K + K Hotels Group, which has one property in the London, has been sold to USA-based owner and operator Highgate Hotels and investment bank Goldman Sachs, for an undisclosed sum.

JLL Hotels & Hospitality Group and Credit Suisse, advised on the sale of the group.

Sheima Salloum, senior vice president, JLL, said: “The transaction offered investors the rare opportunity to not only acquire high-end real estate in prime strategic locations, but also a well-established and highly profitable management platform, allowing for an instant market penetration and a basis for future growth in Europe’s key cities with highest entry barriers.”

Clearance of the sale from the Austrian merger control is expected in the coming weeks.

UKÂ hotel transactions up 172% in 2015 >>

Ace Hotel London sold for £150m >>

Looking for a job? See all the current hotel vacancies available with The Caterer Jobs >>

Latest video from The Caterer