Starwood Capital Group has acquired a portfolio of 10 hotels from Edwardian Group for an undisclosed sum through an off-market transaction.
The portfolio comprises 10 hotels with 2,053 rooms. Edwardian Group will continue to own and operate The Londoner and its two Radisson Collection hotels, The May Fair and The Edwardian Manchester, following closing of the transaction.
Alongside the acquisition, Starwood Capital and Edwardian Group intend to collaborate on future opportunities. As part of this relationship, Edwardian Group will continue to operate the portfolio on a transitional basis while Starwood Capital plans its future investment into the hotels.
The acquisition adds to Starwood Capital’s existing portfolio of European hotel investments, which now will comprise 47 hotels with about 10,000 rooms across Europe.
“We are delighted to have had the opportunity to acquire this one-of-a-kind portfolio of Central London freehold hotels,” said Tim Abr
