Global investment manager Schroders has inked a deal to acquire Algonquin, a specialist pan-European hotels investment and management business with assets under management (AUM) of €1.8 bn.
Opportunistic investors KKR and Baupost confirmed the acquisition of a portfolio of 33 Marriott International hotels across the UK from ADIA, while listed property group Covivio completed the purchase of 43 hotel properties in France, Belgium and Germany, in a €800 mln swap deal with AccorInvest.
