Tristan completes first acquisition for new €500m hotel strategy
Tristan Capital Partners’ EPISO 5 Fund has acquired the first property of its new hotel investment strategy in Manchester, England.
The 261-key, four-star hotel is located in Deansgate, one of the city’s oldest city center thoroughfares.
The asset opened in May 2021 following a three-year conversion from an office building. It is complemented by a state-of-the-art gym, which is currently occupied by Trib3, and has a contemporary F&B offering.
As part of the fund’s business plan, the hotel will be rebranded to YOTEL, a fast expanding lifestyle brand with 18 hotels in operation across Europe, Asia and North America and significant global expansion plans. The hotel will be operated by Hamilton Hotel Partners.
“This acquisition represents the first step in our wider hotel strategy, and we are very excited to have started with a hotel of this quality. The acquisition is our first alongside Hamilton Hotel Partners, and we expect to continue to grow