Schroders Capital has reportedly paid €260 million for two hotels under The Hoxton hotel brand in Paris and Amsterdam.
The deal will see both hotels continue to be run by Ennismore, the joint venture with Accor.
According to HVS The Hoxton, Paris has 172 rooms and the The Hoxton, Amsterdam has 111, representing a figure of €919,000 per room.
Hospitality Insights has approached Schroders Capital and Ennismore for comment.