Zetland Capital Partners on UK Hotel Acquisition
The acquisition, for an undisclosed sum, is one of the largest hotels transactions completed outside of London in 2021; the hotels will be managed by Zetland’s JV partner, Hamilton Hotel Partners.
This was a complex transaction, executed against prevailing uncertainty in the hotel sector and under considerable time constraints. We are delighted to have been involved in such a successful financing – made possible by the pragmatism of all parties, in particular Zetland, Hamilton Hotel Partners and Starwood.
Westfort Advisors acted for Zetland Capital Partners LLP (Zetland) as the sole arranger of an acquisition and capex facility, underwritten by Starwood European Finance Partners Limited (Starwood); enabling the purchase and repositioning of the 338-bedroom Macdonald Manchester Hotel and the 156-bedroom Macdonald Holyrood Hotel in Edinburgh.
