Hamilton hotel partners’ portfolio value now exceeds US$2bn as rapid growth continues
[Berlin – 03.03.08] Hamilton Hotel Partners (Hamilton), the hotel advisory firm, has taken the value of the hotel properties for which it provides services through the US$2bn barrier, thanks to new assignments announced today at the International Hotel Investment Forum in Berlin.
Hamilton Hotel Partners
[Berlin – 03.03.08] Hamilton Hotel Partners (Hamilton), the hotel advisory firm, has taken the value of the hotel properties for which it provides services through the US$2bn barrier, thanks to new assignments announced today at the International Hotel Investment Forum in Berlin.
These new contracts - with clients Messila House, Armani Hotels and Jersey Waterfront Hotel Holding - span the range of services that the London-based firm provides. These services include asset management, operational management and development and acquisition services across Europe, the Middle East and further afield - and now for a portfolio of property with a real estate value in excess of US$2bn.
“These new deals add significantly to our portfolio of strong assets with excellent growth potential,” said Frank Croston, Partner. “These appointments, together with our existing contracts, demonstrate the growing demand within the ownership community for the range of services we offer,” he added.
“Deals currently in the final stages of negotiation are expected to take the portfolio past the US$3bn mark in the very near future,” said Croston, “reflecting our reputation for adding value and delivering results.”
Significantly extending its presence in the Middle East, Hamilton has been appointed by Messila House Ltd to asset manage its portfolio of hotels that are operated by Rezidor under the Radisson SAS brand in Riyadh, Jeddah and Yanbu in Saudi Arabia and in Sharjah, UAE. Hamilton will also asset manage Messila House’s Park Inn property in Nice, as well as Messila’s strong pipeline of further development in the region.
“The Messila House deal marks a significant expansion of our activities in the Middle East region and we are pleased to have been selected for such a prestigious appointment in this dynamic region,” said Croston.
Hamilton has been asset managing the 195-room Radisson SAS Waterfront Hotel in Jersey on behalf of Jersey Waterfront Hotel Holding since June 2007 and through the hotel’s recent opening in November 2007.
It has been appointed by Armani Hotels to directly manage the 100-room Holiday Inn Salisbury from January 2008 and in late 2007, it was appointed to provide asset management and operational support to Azimut Hotels of Russia, one of the largest domestic chains with ambitious expansion plans both within Russia and Europe.
Hamilton also directly manages the Gran Hotel La Florida in Barcelona and the Curzon Plaza in central London and provides asset management services to the Fairmont Hotel St Andrews and the Miramar Barcelona on behalf of owners, Apollo Real Estate Advisors. Until the successful sale earlier this year, Hamilton also provided Apollo with asset management and operational management services for the Dylan Hotel Amsterdam.
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For further information, please contact:
Caroline Murdoch, Redworks PR, 01869 810 443,
Frank Croston, Partner, Hamilton Hotel Partners, 020 7887 4525, .
Chris Evans, Partner, Hamilton Hotel Partners, 020 7887 4525,
Editor’s information
1) Hamilton Hotel Partners provides asset management, direct hotel operational management, and acquisition and development support services to a wide range of clients with hotel properties in Europe, the Middle East, Russia and the Caribbean.
2) The company, which was founded by Frank Croston and Chris Evans in 2004, has a team of 14 professional staff and is based in London.
3) Further information on the firm can be found on http://www.hamiltonhotelpartners.com