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October 8, 2021

Avelios and Crestline Investors’ JV buys East London hotel

The off-market deal was reached with investment and development company Definition Capital.

A joint venture between independent investment advisor Avelios and investment management firm Crestline Investors has purchased East London hotel.

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The property was sold by property investment and development company Definition Capital.

Constructed in 2018, Definition Capital opened the freehold lifestyle hotel as its first hospitality venture, following a £38m investment.

The hotel is situated just opposite the Victoria & Albert Childhood Museum in Bethnal Green.

Avelios chief investment officer Guido Lang said: “We are very excited to be acquiring this quality lifestyle asset in a rapidly developing London submarket and believe the hotel is well positioned to benefit from a post Covid market recovery.”

Designed to serve both leisure and business travellers, East London hotel features 161 bedrooms and facilities such as a reception, restaurant, and bar.

Customers can avail online check-ins and check-outs facility, smart phone access and order food and beverage via guest experience interface.

The hotel was marketed by international property consultancy firm Knight Frank’s hotel team.

Knight Frank hotel brokerage head Henry Jackson was quoted by The Caterer as saying: “Following from the success of the £70m Yotel Clerkenwell sale, we are delighted to announce the sale of the East London hotel. Kostas Erotokritou and I are thrilled to have completed this off-market transaction for our clients, which continues to demonstrate Knight Frank’s excellent track record in the London hotel market. We look forward to following the development of the asset with interest.

“Following the robust transactional activity in the regional market, investors are focusing on London as the sector continues to recover and we expect transactional volumes to continue to increase.”

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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