Lloyd Hotel Amsterdam sold for EUR45 million
The Lloyd Hotel in the Eastern Docklands of Amsterdam, owned by private investor Rocco Veenboer, has been sold to a consortium led by Cedar Capital Partners for EUR45 million.
The 120-room hotel, with a volume of approximately 8,300 sq m, is a national monument that dates from 1918.
The seller has been commercially advised by international real estate advisor Cushman & Wakefield and legally by DLA Piper. The consortium led by Cedar Capital Partners was legally assisted by Loyens & Loeff in the acquisition of the hotel.
The sale was realised through a sale of the shares in the opco/propco structure. Cushman & Wakefield advised seller on the acquisition of the hotel in 2016 which was followed by the acquisition of the operating company a year later.