Henderson Park buys hotel portfolio

Henderson Park has exchanged contracts on the acquisition of a portfolio of 12 predominantly freehold Hilton branded hotels across the United Kingdom and Ireland, strategically located in key cities, including London, Edinburgh, Glasgow and Dublin. The transaction is expected to close later this year.

The financial terms and seller were not disclosed.

The 2,424 key portfolio is a collection of well-positioned, full-service Hilton branded hotels with a wide range of amenities, including business centers, state-of-the-art meeting facilities, and full-service leisure clubs with indoor swimming pools and spas, which are designed to appeal to an extensive outside clientele base.

The hotels are in excellent condition, according to Henderson Park, with opportunities for additional value creation across the portfolio through extensions, room renovations, redevelopment of ground-floor space to attract external footfall, and alternative use exploration.

All 12 hote