Bayside Capital purchases London Hilton from Pandox AB

Bayside Capital has acquired the Hilton London Docklands in the UK. Financial terms of the transaction were not disclosed. The credit affiliate of H.I.G. Capital purchased the 378-room hotel from Pandox AB. H.I.G. has been actively looking for investment opportunities in European real estate for the past 12 months, reports say. It has already bought several assets in the UK, Spain and the Netherlands.

Bayside Capital Managing Director Ahmed Hamdani said in the statement, "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 H.I.G.'s ability to execute on complex operational assets. We are committed to growing our European Real Estate business further."

Miami-based H.I.G. Capital has over $13 billion of equity capital under management.


Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Suggested Articles

Reuben Brothers have completed the acquisition of the La Palma Hotel in Capri, the first and oldest hotel on the island, opened in 1822.

Polish Aviation Group, the parent company of LOT Polish Airlines, has acquired Condor, Thomas Cook’s German airline, for an undisclosed fee.

Radisson Hotel Group is planning to open three more hotels in Turkey this year, with two in Istanbul and one in İzmir.