Henderson Park grabs UK and Irish Hilton hotels portfolio

Henderson Park is acquiring a portfolio of 12 predominantly freehold hotels across the UK and Ireland in cities which include London, Edinburgh, Glasgow and Dublin.

The deal is expected to close later this year.

The 2,424 key portfolio is a collection of Hilton branded hotels whose amenities include business centres, meeting facilities, and leisure clubs with indoor swimming pools and spas. All 12 hotels are franchised by Hilton and brands include: Hilton Hotels & Resorts; Hilton Garden Inn; and DoubleTree by Hilton. Henderson Park is in advanced discussions with the existing manager, Amaris Hospitality, for the ongoing management of the hotels.

The portfolio has opportunities for additional value creation through extensions, room renovations, redevelopment of ground floor space to attract external footfall, and exploring alternative uses.

In addition to London, Edinburgh, Glasgow and Dublin, locations include Bristol, Coventry, Dartford, Newbury and Southampton.

Henderson Park has previously repositioned other hotels in projects around the world, both recently and in the wake of the financial crisis.

“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,” said Nick Weber, founding partner of Henderson Park. “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.”

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

The purchase price has not been disclosed.