Three Hills buys strategic stake in hotel group Borealis

Alternative investment platform Three Hills Capital Partners (THCP) has unveiled plans to take a strategic stake in Borealis Hotel Group, a European hospitality company headquartered in the Netherlands.

Financial details were not disclosed.

Under the deal, THCP's third fund, Three Hills Capital Solutions III, will acquire a minority share in the Amsterdam-based hotel development and management company.

The transaction represents THCP's second investment in the Netherlands after purchasing ACT Commodities in 2018.

Founded in 1997 by Bart van de Kamp, Borealis has to date developed hotel projects across the Netherlands and Belgium, with further hotels currently under development in the Netherlands, Belgium and France. Operating partners include the Intercontinental Hotels Group, Hilton, Accor and Marriott.

'We are excited to work again alongside a management team we know well. Borealis Hotel Group is a leader in the Benelux hospitality scene, with guests drawn to the curated, personalised experiences its hotels provide,' said Leks de Boer and Arjan Blok from the Benelux team at THCP. 'We are excited to partner with Bart van de Kamp and Lodewijk van der Meulen, as we support the group to realise its significant growth potential.'

THCP said it expects a significant increase in European tourism over the next five years, presenting a opportunity for investors in the hotel and hospitality sectors.

Van de Kamp added: 'THCP are highly experienced investors, with significant expertise operating in both the Dutch and European markets. We are excited to be working alongside the team as we work to bring our unique hospitality experiences to even more customers across the European continent.'

THCP was advised by Horwath HTL, Graph Consulting, Vriman M&A Lawyers, Hogan Lovells and PwC.

Borealis Hotel Group was advised by ABN Amro, BarentsKrans and De Brock.

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