Global investment firm KKR and European hospitality partner Amante Capital have acquired the 132-bedroom Park Grand London Kensington Hotel from Bartek Holdings for an undisclosed price.
The transaction is the first completed by KKR and Amante Capital since the launch of their vertically integrated hotel platform in 2022.
Following completion of the deal, the hotel will undergo an extensive refurbishment and be repositioned as a boutique lifestyle hotel operated by Amante Capital under Marriott International’s Tribute Portfolio brand.
Mai-Lan de Marcilly, managing director and head of transactions France and hotels at KKR, said: “We are delighted to announce our first acquisition with Amante Capital since launching the strategic partnership. The transaction is a testament to the talented team, reaffirming our strong conviction in building a best-in-class operating platform to invest behind strong secular demand for European and UK hospitality and attractive pricing in a dislocated capital market.”
Colliers advised KKR and Amante on the acquisition.
