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Hong Kong-based investment company Junson Capital has moved into the UK market with the acquisition of the 378-bedroom Doubletree by Hilton in London’s Docklands.
The property was acquired from private equity firm HIG for an undisclosed sum, although it is thought to be the first major hotel transaction by an overseas buyer in London since the UK’s vote to leave the European Union (EU).
Property company Colliers International advised on the the purchase of the hotel, which recently underwent a major refurbishment programme, and assisted Junson with debt financing.
Marc Finney, head of hotels and resorts consulting at Colliers, said: “This acquisition is thought to be the first major hotel transaction by an overseas buyer in London since the EU referendum, demonstrating that foreign capital still sees London as an attractive investment opportunity within the hotel sector.”
Hilton Worldwide will continue to manage the hotel on behalf of the new owner.
