Hotel industry and travel news from around the European region: Serani Hotels acquires Hilton Warwick/Stratford-upon-Avon and more...

Cerberus and Highgate acquire the Dorsett City London from Far East
American private equity firm Cerberus Capital Management, together with specialist US hospitality investors Highgate, have announced the acquisition of the 267-room Dorsett City London from Hong-Kong-based Far East Consortium, for a reported £115 million (£431,000 per room). Located in East London near Shoreditch and Tower Bridge, the 4-star property features two restaurants and a rooftop bar. The acquisition marks the continued partnership between Cerberus and Highgate, which includes the purchase of six hospitality portfolios from Colony Capital earlier this year.

Serani Hotels acquires Hilton Warwick/Stratford-upon-Avon, UK
UK-based Serani Hotels has acquired the 181-room Hilton Warwick/Stratford-upon-Avon for an undisclosed sum. The property is spread across an area of seven acres and is located off the M40/Junction 15 intersection, two miles from central Warwick, UK. The hotel has significant conference and events space, as well as a restaurant, bar and fitness centre.

Aggregate Holdings acquires Berlin’s “Fürst” development project
Luxembourg-based developer Aggregate Holdings SA has announced the acquisition of the landmark “Fürst” mixed-use development project in central Berlin, which will include a 155-room hotel, from the family office of Israeli entrepreneur Amir Dayan. The project is located on Kurfürstendamm, which is one of the city’s most prominent streets. Upon completion, the Fürst project will have a gross construction area of some 183,000 sqm of mixed-use space, 60% being office and co-working spaces and the remainder being leisure, retail and hotel, with an expected value of some €2.5 billion. The project is expected to be completed in the second half of 2023.

Anthony B Nelson acquires Oslo hotel from Clarksons Platou
Norwegian property manager Anthony B Nelson AS has acquired a 47-room hotel located at Kongens Gate 7 in central Oslo from a fund controlled by the investment arm of Norwegian shipbrokers Clarksons Platou. The hotel, which was last renovated in 2012, is spread over 3,000 sqm. Clarksons Platou acquired the property in 2018 from local institutional investors Ragde Eiendom AS. The property is currently on a five year lease to Saga Hotel Oslo Central that expires in 2023.

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