Blackstar Real Estate has expanded into the hotel and living sectors with the launch of a new hospitality operating platform.
The platform will provide operational and asset management services aimed at improving commercial performance, enhancing the guest experience and delivering long-term asset value.
The firm has secured its first mandate for the new platform with a private family office appointing it to oversee the management of Bacpac, a hostel in Hammersmith, West London.
A spokesperson for the private office said: “We wanted a partner equally capable of managing the real estate and the operating business. Blackstar demonstrated a clear understanding of our investment objective and a practical, commercial approach that gave us confidence they are the right partner for this investment.”
Sabri Marsaoui (pictured), founder of Blackstar Real Estate, added: “The launch of our hospitality platform reflects the changing needs of real estate investors. In operational sectors such as hotels and living, value is created not only through the quality of the real estate but through the performance of the business occupying it. Our approach brings those disciplines together, enabling owners to maximise their investment returns.”
