financehotelowner.co.uk··1 min·For: Owner, Investor, GM, Ops
Starboard and LaSalle Buy Seven UK Accor Hotels
Starboard Hotels and LaSalle Investment Management have acquired a seven-hotel, 913-room UK portfolio from Ares Real Estate and EQ Group. The properties will retain their Accor franchise branding and expand Starboard's managed estate to 28 hotels.
Key Takeaways
- 1Acquired portfolio spans 913 rooms across Novotel and Ibis brands in Birmingham, Southampton, Sheffield, Luton, and London
- 2Properties will remain under Accor franchise agreements and be operated directly by Starboard Hotels
- 3The deal marks Starboard's first private equity joint venture and expands its footprint to over 3,000 UK rooms
Source: hotelowner.co.uk
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