L Catterton and Cedar Capital Partners Acquire Hotels in Portugal and France, Expanding European Portfolio
🏨 L Catterton and Cedar Capital Partners acquire two European hotels: the Penha Longa Resort, a 204-room, five-star hotel in Lisbon, Portugal, and the 177-room, four-star Garden Beach Hotel in Antibes, France. CLI Dartriver buys the Radisson Blu Leicester Square, London, for £120 million. Leonardo Hotels acquires the 272-room Hotel Saint in Aldgate, London. Kempinski acquires the Augustine Hotel in Prague, planning rebranding by 2026. Grupotel purchases the 372-room Hotel Ocean House in Málaga, Spain.
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