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Dutch hotel company The Student Hotel is set to expand into the UK market with properties in London, Brighton and Edinburgh high on the brand’s agenda.
The plan follows news that the group has secured a capital increase of €150m (£118m) from asset management company Perella Weinberg Real Estate.
The Student Hotel currently operates four properties in the Netherlands, Belgium and Luxembourg, but in addition to the UK, the firm hopes to launch property locations in Paris, Madrid, Barcelona, Berlin, Frankfurt and Dublin.
The Student Hotel will operate 2,200 rooms by 2015, and expects to be operating 10,000 across Europe by 2020.
The first property to open following the partnership is the Trouw/Parool Tower in Amsterdam, a former newspaper office which is set to be converted into a flagship 574-room hotel, with a range of facilities including a gym, class rooms and offices.
Charlie McGregor, Founder and CEO of The Student Hotel comments: “We are thrilled about our partnership with Perella Weinberg Real Estate. The movement of students between countries has become a global phenomenon.
“The growing number of international students deserves better and more accommodation options, no matter where they go in Europe, and it’s great to work with an investment partner that shares our vision to roll-out high quality and community-driven student and hotel accommodation across Europe.”
