One Investment Management (OneIM), AENDRE Group and LHC Group (LHC) have acquired a three-property Central London hospitality portfolio from APG, the Dutch pension investor, through a joint venture among the three firms. The acquisition is supported by financing provided by Cheyne Capital, the global alternative investment manager. The portfolio comprises 587 keys across freehold sites in South Kensington, Covent Garden and Belgravia.
The acquisition represents one of the largest Central London hospitality transactions of the year and reflects the partners’ conviction in the luxury extended-stay segment, which accounts for approximately 1 percent of London’s hotel stock despite 59 percent of international visits lasting four nights or more.
The portfolio will be repositioned under a new wellness-led luxury hospitality brand, with each location operating across three distinct concepts: a luxury extended-stay residence, a social wellness members club and a culture-le
