Tristan Capital Partners’ latest opportunistic fund, European Property Investors Special Opportunities 6 (EPISO 6), has acquired a majority shareholding in Raag Hotels Limited, which owns Point A Hotels. The transaction will provide a full exit for the Wellcome Trust, with the other current shareholders, Queensway, a company associated with the Jivraj family, and a company owned by Naguib Kheraj, remaining as minority partners.
The Point A portfolio comprises 1,520 rooms in 10 hotels, with 80 percent of its value in London. The independent budget boutique brand provides EPISO 6 with an immediate footprint across the best markets in the United Kingdom and Ireland in strategic locations near transport hubs.
Under the new partnership, Queensway will co-invest and act as hotel operator, asset manager and development partner for future sites. The shareholders have committed significant additional equity to fund the next phase of growth of Point A Hotels with the goal of d
