Vastint has put a portfolio of Marriott-branded hotels in the UK up for sale, which have been valued at approximately £500m.
The portfolio includes 15 purpose-built Marriott-branded hotels, totalling 3,230 rooms, and is operated by Vastint’s in-house platform Hotel Co 51 UK under franchise agreements.
It features the largest Moxy collection in Europe, alongside AC by Marriott and Courtyard by Marriott properties, which are all located in city centres, transport hubs and major exhibition venues.
Every property holds Green Key and LEED or BREEAM certifications and the portfolio has an average build age of five years. Vastint has appointed JLL and KPMG UK to advise on the sale of the portfolio.
Kerr Young, head of UK national hotels at JLL, said: “This represents a high quality select service UK hotel portfolio that benefits from a well-invested and scaled in-house operational platform underpinned by best-in-class brand recognition under Marriott’s powerful global distribution platform”
Phil Shields, head of UK real estate M&A at KPMG, added: “This portfolio offers significant embedded growth potential and operational upside, underpinned by sustainability and scale – an exceptional proposition for strategic investors.”
