Henderson Park has acquired the business and hotel management platform of Amaris Hospitality from LRC Group.
At the same time it has launched a new hotel and asset management platform called Klarent Hospitality.
The acquisition follows Henderson Park’s recent deal for a 2,424 key portfolio of 12 Hilton-branded hotels, managed by Amaris Hospitality, which closed in November. The Amaris Hospitality name and brand does not form part of the acquisition and will continue to be owned by LRC Group.
Klarent Hospitality will be led by the existing Amaris management team under Peter Stack and John Brennan, the current CEO and chairman, respectively. All Amaris Hospitality employees will transition to Klarent Hospitality and continue in their current roles.
Henderson Park has made a number of acquisitions in the hospitality space in the last few years, including several hotels across Europe. Its portfolio now comprises around 9,300 rooms across the UK, as well as Greece, France, Ireland and Spain.
Amaris Hospitality debuted in 2015, consolidating nearly 100 hotels in the UK and Ireland. After a £100 million capital expenditure programme and 22 hotel rebrands, growing investor demand triggered the sale of the Jurys Inn hotel group to Pandox in 2017. Subsequently LRC acquired the Amaris Hospitality business and its remaining hotel assets in 2018.
What They Said
Nick Weber, founding partner of Henderson Park, said: “The acquisition of the Amaris business allows us to launch at scale our own dedicated hotel operating platform, Klarent Hospitality. This new business will be integral to helping us drive further value for our investors from our hospitality assets. We have long admired the Amaris Hospitality business model and track record, as well as the quality and expertise of its team. We now look forward to working with John, Peter and the Klarent team to capitalise on the opportunities emerging in the hospitality sector in the near-term, as well as from the wider post-pandemic recovery in the coming years.”
John Brennan, chairman of Klarent Hospitality, said: “Henderson Park has a long history of successful investment in the hospitality sector and this transaction, with the creation of Klarent Hospitality, provides Nick and his team with a proven platform to further strengthen their existing hospitality market expertise. Our deep sectoral knowledge and experience of transforming, rebranding and managing hotels is highly complementary to Henderson Park’s investment and asset management expertise within the sector. We look forward to partnering with Nick Weber and his team to maximise future opportunities within the hospitality industry.”