Blackstone Proper Property Acquires Village Hotels

Blackstone Proper Property (“Blackstone”) launched on June twenty sixth that funds managed by Blackstone possess completed the acquisition of Village Hotels, a hotel proprietor, operator and developer, from affiliates of KSL Capital Partners, a number one investor in dart and leisure corporations.

Village Hotels owns and operates 33 correctly-located property in nice regional cities and suburban areas across the UK. Representing 4,400 hotel keys, it operates as an “all below one roof” leisure destination, providing damaged-down chubby-service hotel stays, fitness clubs, meals and beverage outlets, and co-working areas. Because of its tall sequence of companies and products, Village Hotels has constructed a enormous and fixed customer unfriendly, catering to domestic commerce travellers, vacationers, nice groups and local guests.

James Seppala, Head of Proper Property Europe at Blackstone, said, “We’re joyful to add Village Hotels, a standout hospitality label with a particular commerce model, to our real property portfolio. We stare wide skill in lodging and leisure as a sector, especially where we can present a take to strongly positioned corporations that deliver distinctive experiences to their potentialities. We no longer sleep for partnering with Village Hotels’ seasoned management group and presents a take to them as it embarks on its next stage of development.”

Gary Davis, CEO of Village Hotels, said, “With KSL’s give a take to, we possess developed a differentiated label, providing lodging, meals, assembly dwelling and correctly being and wellness, ‘all the pieces below one roof’. Every hotel attracts over 4,000 local members to our correctly being and wellness clubs, moderately distinctive in the hotel world, with excessive-tech instruments, fitness class companies and products and swimming pools with steam room and sauna. A wide facility for the commerce traveller where correctly being and wellness plus work companies and products fetch us finest at school. With Blackstone we stare wide opportunities to expand the different of motels in the UK and additional make stronger our existing companies and products. An thrilling time for us all.”

Jens Blomdahl, Most major at KSL Capital Partners, said, “We’re elated to possess partnered with the Village Hotels group to present out a comprehensive hospitality providing and expand their excessive-quality portfolio — including the addition of more than 1,200rooms and forty five,000 fitness members. We no longer sleep for following Village Hotels’ continued success on this new chapter as fragment of the Blackstone portfolio.”

Blackstone is alongside-time frame believer in the UK leisure sector, pushed by patrons’ focal point on excessive-quality experiences and companies and products. In 2021, Blackstone got Bourne Leisure, a premier UK holiday company and proprietor of Haven Vacation Parks, the most sensible caravan operator in the UK, and Warner Hotels, the handiest hotel chain to cater exclusively to adults in the UK. Since acquisition, the company has invested over £550 million across both brands for dwelling and entertainment upgrades and expansions, rising Bourne Leisure into one in all the most sensible suppliers of holiday experiences and holiday properties in Britain.

Lazard acted as Blackstone’s lead monetary manual, Santander also acted as Blackstone’s monetary manual and Simpson Thacher & Bartlett and DLA Piper served as Blackstone’s simply advisors. Morgan Stanley & Co. Global plc acted as KSL’s monetary manual and Dentons served as KSL’s simply manual.