Bayside Capital, an affiliate of HIG Capital, has acquired the 378-room Hilton Hotel in London Docklands, UK.
The asset was sold by Pandox AB.
Ahmed Hamdani, managing director at Bayside Capital, says: “We are thrilled with this acquisition and see significant potential to improve this asset through additional investment. We are very excited about the opportunities in the European hotel market in general and this transaction demonstrates HIG’s ability to execute on complex operational assets. We are committed to growing our European real estate business further.”
Over the past 12 months, HIG has been very actively investing in European real estate, having acquired a number of assets in the UK, the Netherlands and Spain.