Henderson Park, the international private equity real estate firm, has acquired a portfolio of five hotels in France alongside asset management company Atream, a leading French tourism firm headquartered in Paris. The purchase was undertaken in two separate transactions comprising the acquisition, from French institutional investors, of the hotel properties historically operated via variable lease contracts and, simultaneously, the transfer of the operations by the hotel operator.
The portfolio comprises 645 rooms in mid-scale hotels built between 2000 and 2011 that are operated under the Novotel Suites brand, the select-service sub-brand of Novotel offering only double-double suites. While the hotels are in strong locations and have delivered robust operating performances, they have been historically underinvested on account of the separate ownership structures.
Source: Press release on 18 February 2025