Luc Boschmans, managing director, hospitality at Tristan Capital Partners joined the Hospitality Insights team at IHIF 2022 to discuss the firm's recent acquisition of Point A Hotels, repurposing old buildings and labour market challenges.
In April Tristan Capital bought a majority stake in the Point A chain in a deal worth around £420 million.
"The performance of these hotels is just amazing. In March, they reached the same occupancy this year [as] in 2019. But with a much higher average rate already," Boschmans said.
Boschmans said that minority shareholder Queensway had an excellent record in scouting for locations where existing office buildings could be converted into hotels, a trend the industry is likely to see more of over the coming years.
Tristan has also pursued other hospitality assets in the last year. In May it acquired the QO Hotel in Amsterdam and in October it bought a hotel in Manchester, which it rebranded under the Yotel name.
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