Schroders Capital has acquired the NH Collection Milan CityLife hotel on behalf of one of its pan-European hotel funds from Invesco Real Estate.
The sale has allowed Invesco’s flagship European Hotel Fund to capture the strong performance delivered by the hotel since it was completed in 2022 and release capital for reinvestment.
Developed around a former church dating back to the 1930s and located in Milan’s Citylife business district, an area with limited direct competition, the NH Collection Citylife Milan is recognised for the quality of its architecture and services. Operated by NH Hotels Group, the four-star hotel offers 185 rooms and caters for both business and leisure travellers.
Source: Europe Real Estate (REP) on 13 February 2025
https://europe-re.com/schroders-capital-acquired-nh-collection-milan-citylife-hotel-it/73978