Archer completes £215m acquisition deal with Norlake Hospitality

Archer Hotel Capital has announced that it has completed the acquisition of the 210-key Hoxton Shoreditch and the 220-key Hoxton Holborn in London for a total purchase price of £215m from Norlake Hospitality.

The hotels are prominently located in the heart of the UK capital and following the transaction, they will continue to be managed by Ennismore.

Archer was advised by Hogan Lovells, PricewaterhouseCoopers, TFT Consultants, Lockton and Howden M&A.

Dominic Seyrling, managing director of Archer Hotel Capital, said: “We are delighted to return to London with two high-quality assets with strong brand recognition in the market and in highly sought-after locations.

“As Europe’s leading hotel market, London remains a key city for Archer’s long-term strategic vision. We are equally pleased to enter a new operating relationship with Ennismore, which has set the benchmark in the lifestyle space over the last decade.”