Christie + Co markets Campanile Hotel’s UK estate

16 July 2010

Acting on behalf of Starwood Capital’s Louvre Hotels, the investment advisory firm Christie + Co is marketing the company’s UK group of 18 hotels, which comprises 17 Campanile assets and one Première Classe-branded property.

These hotels, which are a mixture of freehold and long leasehold sites, are spread across the UK in key locations such as Cardiff, Glasgow, Birmingham, Liverpool, and Manchester. The 18-strong portfolio, which includes a Première Classe-branded hotel in Coventry, comprises 1,549 bedrooms in total.

Campanile is Louvre Hotels’ leading two-star chain, operating in nine European countries through a network of more than 380 hotels and restaurants.

Available with the benefit of a management contract with Louvre Hotels under its Campanile brand, this is a rare opportunity to acquire a whole group of hotels in one transaction.

Jeremy Jones, Director at Christie + Co, said: “The opportunity to acquire over 1,500 bedrooms in some of the UK’s best trading locations is something of rarity. To secure a leading flag on these assets by means of a management contract with Louvre Hotels makes this deal even more exciting.

“We anticipate a strong response reflecting the quality of the opportunity and the ability to keep growing one of Europe’s best known hotel brands.”

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For further information on this press release, please contact: Mark Wingett at Christie + Co. Tel: 020 7227 0794. mark.wingett@christie.com