KKR and its European hospitality partner Amante Capital have acquired the Park Grand London Kensington Hotel from Bartek Holdings.
The hotel, which comprises 132 bedrooms, will undergo an extensive refurbishment programme to be repositioned as a boutique lifestyle hotel operated by Amante Capital under Marriott International’s Tribute Portfolio brand. The refurbishment also aims to enhance the hotel’s environmental credentials.
The transaction marks the first acquisition by KKR and Amante Capital since the launch of the vertically integrated hotel platform in 2022. Amante Capital says it continues to be focused on sourcing and acquiring hotel opportunities across Europe.
Colliers advised KKR and Amante on the acquisition.
What they said
Mai-Lan de Marcilly, managing director & head of transactions France and Hotels at KKR said: “We are delighted to announce our first acquisition with Amante Capital since launching the strategic partnership. The transaction is a testament to the talented team, reaffirming our strong conviction in building a best-in-class operating platform to invest behind strong secular demand for European and UK hospitality and attractive pricing in a dislocated capital market.”