ICG, Pro-invest partner to invest up to £500 million in UK hotels
ICG Real Estate has teamed up with hotel investor Pro-invest to invest up to £500 million (€572 million) in UK assets. The two firms have created a venture which intends to acquire “high-quality hotel assets” in London and other core-UK markets. Krysto Nikolic, the global head of ICG Real Estate, said: “We are excited about the opportunity developing in the UK hotel sector. “This joint venture combines the strengths of ICG and Pro-Invest in hotel investing and asset management, positioning...