Prima Asset Management partners with Schwartz Family Co. to boost London hotel investments
🏦 Singapore's Prima Asset Management partnered with Australia's Schwartz Family Co. to boost London real estate presence. Prima's hotel project in Paddington will see the Victorian-era hotel expand from 68 to over 80 rooms after renovations. Acquired in June 2024, financed by OakNorth Bank, the project is in collaboration with Capilon Group. Schwartz Family Co., with a portfolio of 15 hotels and over 4,300 rooms, invests in Prima's vision for sustainable hospitality. London, a top hotel investment destination, saw €2.6 billion in hotel deals in H1 2024, up 215% from H1 2023. Prima aims for another hotel acquisition by Q1 2025.
Share