A joint-venture led by U.K.-based private equity real estate fund manager Benson Elliot Real Estate Partners V and Schroder Real Estate Hotels (SREH, formerly Algonquin) has acquired three hotels, totaling 1,183 rooms in Disneyland, Paris.
The themed hotels, which are adjacent to one another, were acquired off-market in two separate transactions for a total investment of circa €240 million ($262 million).
Dream Castle and Magic Circus, both four-star hotels, were purchased from Austrian real estate developers Warimpex/UBM, while Explorers was purchased from a joint venture managed by SREH. The investment is structured as a 50/50 joint venture between Benson Elliot and a consortium of private investors advised by SREH.
Disneyland Paris is Walt Disney’s only European theme park and Europe’s most popular tourist destin
