10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

Singaporean investors acquire hotel in London’s Paddington

  • HOTELSMag.com
  • 17 June 2024
  • 2 minute read
Total
0
Shares
0
0
0

This article was written by HotelsMag. Click here to read the original article

Prima Asset Management, the Singapore-based private equity real estate company, has acquired a freehold hotel in London’s Paddington submarket. The acquisition was made through Prima’s VCC Investment Fund, managed by First Degree Global Asset Management.

Other terms of the acquisition were not disclosed.

In partnership with London-based hotel operator and developer, Capilon Group, and financed by OakNorth Bank, the Victorian-era hotel will undergo extensive renovations, which will convert the property to a boutique upper-upscale hotel. The key count will also be increased, from the existing 68 rooms to more than 80 rooms.

The primary focus of the renovation will be to preserve the building’s original Georgian architecture and retain the unique architectural features. The hotel will be managed by Capilon Group.

Prima Asset Management has acquired a Victorian-era hotel in Paddington, London.

“With our proven track record in identifying and structuring unique risk-adjusted real estate investment opportunities, the strategic acquisition of this prime property not only signifies our focus on the resilient London hotel market but also positions us in one of London’s most attractive growing sub-markets,” said Ben Hall, co-founder and CEO of Prima Asset Management.

Accelya appoints former Southwest Airlines…
Trending
Accelya appoints former Southwest Airlines…

The hotel, which is located close to Hyde Park, was sold by Colliers.

Spanning 26,000 square feet, the hotel originally consisted of two family homes and was converted into a hotel in the 1960s, a news report said, adding that the hotel maintained its original 1840s façade. The reimagined hotel is slated to open later this year, the report added.

With London recording the second highest international tourism arrivals in 2023, Prima said it was confident in the long-term prospects the city has to offer. The city continues to be an attractive and robust investment destination, said Prima’s Co-Founder and Partner Birbal Singh Bajaj.

“This investment resonates with us personally as it reminds us of our family’s continued interest and investments in the Singapore Shophouse market,” Bajaj said.

Backed by Baksh Capital, Prima specializes in identifying, structuring and managing real estate investments with a special emphasis on delivering risk-adjusted returns across market cycles.

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Categorizing...

Dartmoor retreat responds to the “rhythm of farm life”

  • Clara Finnigan
  • 4 July 2025
View Post
  • Categorizing...

Creating a Culture of Welcome: How We Engaged Employees to Delight Guests – Edward Mady

  • Josiah Mackenzie
  • 4 July 2025
View Post
  • Categorizing...

Foolscap reimagines the Roman forum for Cremorne co-working space

  • Amy Frearson
  • 4 July 2025
View Post
  • Categorizing...

Founder of Sustainable Travel Technologies…

  • Travel Weekly Group Ltd
  • 4 July 2025
View Post
  • Categorizing...

Ant International unveils AI-powered travel…

  • Travel Weekly Group Ltd
  • 4 July 2025
View Post
  • Categorizing...

Explora Journeys enhances travel advisor…

  • Travel Weekly Group Ltd
  • 4 July 2025
View Post
  • Categorizing...

‘Fundamental shift’ in Gulf visitor…

  • Travel Weekly Group Ltd
  • 4 July 2025
View Post
  • Categorizing...

Booking smart in the age of hype

  • Automatic
  • 4 July 2025
Sponsored Posts
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ

    View Post
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers

    View Post
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

    View Post
Last Posts
  • The biggest challenge in hospitality training (And how to solve it)
    • 4 July 2025
  • Italy’s Real Estate Market Grows: €5.2 Billion Invested YTD, Hospitality and Retail Lead, Residential Sales Recover
    • 4 July 2025
  • I was thinking about this over the weekend – just how much extra effort it now takes to simply buy things. | Luke Reed
    • 4 July 2025
  • HITEC 2025: Record-Breaking Attendance, Start-up Momentum, and a Look Ahead to San Antonio
    • 4 July 2025
  • HOF 2025: “Revenue managers are the lighthouse of commercial discipline”
    • 4 July 2025
Sponsors
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.