Henderson Park acquires portfolio of five French hotels
Henderson Park has acquired a portfolio of five hotels in France alongside asset management company Atream.
The portfolio of midscale hotels comprises 645 rooms across three hotels in Paris, one in Lille and one in Cannes. The hotels are operated under the Novotel Suites brand and include the 128-room Paris – Issy-les-Moulineaux, the 166-room Paris – Montreuil, the 101-room Paris – Saint-Denis as well as the 126-room and 124-room hotels in Lille and Cannes respectively.
Henderson Park notes that while the hotels are in strong locations and have delivered robust operating performances, they have been historically underinvested. The private equity real estate firm plans to embark on a programme which will include upgrading bedrooms and guest-facing areas and modernising the hotels’ technical equipment to improve energy efficiency.
The hotels will continue to be managed by Accor.
Henderson Park’s portfolio now comprises over 11,000 rooms across the UK, Greece, France, Ireland, Spain and the US.
By Ifeoluwa Taiwo