Hong Kong based company Junson Capital has purchased the entire share of the company, which owns Hilton Hotel in London’s Docklands. This is the first major hotel transaction by a foreign buyer since the historic vote in which the UK decided to leave the European Union.
The Doubletree by Hilton hotel in London is a 378 guestroom property which has undergone total refurbishment not long ago. The price of the deal has not been revealed, but sources name it to be around 80 million pounds (US$105 million).
The acquisition of such scale shows that foreign capital is still interested in London hospitality industry. There was a definite slowdown in hotel transactions after the EU referendum, so experts consider this transaction a sign of recovery and hope other investors will follow the Hong Kong company.
Junson Capital is a famous investment management company, which sphere of interest covers financial assets, real estate and private equity. The company, which is anchored by family funds, has experience in buying and selling hotels, but this is their first deal on London hotel market.