KKR and Amante acquires Park Grand London Kensington Hotel

KKR Amante

[Credit: Park Grand London Kensington Hotel]

UK: Global investment firm KKR and its European hospitality partner Amante Capital have acquired of the Park Grand London Kensington Hotel from Bartek Holdings Limited for an undisclosed amount. 

The 132-bedroom Park Grand London Kensington Hotel will undergo a refurbishment, which will include enhancements to the property’s environmental credentials, and be repositioned as a boutique lifestyle hotel operated by Amante Capital under Marriott’s Tribute Portfolio brand. 

It marks the first acquisition by KKR and Amante since the latter launched in 2022.

The acquisition was made through KKR’s Real Estate Partners Europe II (REPE II), a fund dedicated to value-add and opportunistic real estate investments in Western Europe. 

Colliers advised KKR and Amante on the acquisition.

Mai-Lan de Marcilly, managing director and head of transactions – France and hotels at KKR, said: “We are delighted to announce our first acquisition with Amante Capital since launching the strategic partnership. The transaction is a testament to the talented team, reaffirming our strong conviction in building a best-in-class operating platform to invest behind strong secular demand for European and UK hospitality and attractive pricing in a dislocated capital market.”

Amante Capital is focused on sourcing and acquiring hotel opportunities across Europe, including asset management and operational.

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