Q3 saw the largest European private equity real estate deals take place in London, according to new research from private equity data specialists Preqin, as two significant hotel portfolio transactions worth a combined £1.25 bn (€1.40 bn) contributed to growing volumes worldwide.
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.
