Subscribe Login
Hotel

Tristan Capital Partners Acquires Shareholding In Raag Hotels Limited

By Dave Simpson

Tristan Capital Partners' latest opportunistic fund European Property Investors Special Opportunities 6 (EPISO 6) has acquired a majority shareholding in Raag Hotels Limited, which owns Point A Hotels, according to a statement published on TristanCap.com.

Details

The transaction will provide a full exit for the Wellcome Trust, while the other current shareholders, Queensway, which is a company associated with the Jivraj Family, and a company owned by Naguib Kheraj will remain as minority partners, according to the statement published on TristanCap.com, which also said that the Point A portfolio is comprised of 1,520 rooms in 10 hotels, with 80% of its value being in London, and that the independent budget boutique brand provides EPISO 6 with an immediate footprint across the best markets in the UK and Ireland in strategic locations near transport hubs.

Additional Information

Additionally, the statement published on TristanCap.com said that, under the new partnership, Queensway will co-invest and act as the hotel operator, asset manager and development partner for future sites, and the shareholders have committed significant additional equity to fund the next phase of growth of Point A Hotels with the goal of doubling the size of the estate over the medium term.

Get a FREE Digital Subscription!

Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy

The existing banks, HSBC and NatWest, are retained as lenders, and EPISO 6 was advised by BCLP, Maples, Brodies, PWC, Savills, Artelia and Longevity, while Raag Hotels was advised by CBRE, Eastdil, Derek Gammage, DLA Piper, BDO and Voisin Law, and Queensway was advised by GSC Solicitors, according to the statement published on TristanCap.com.

© 2022 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription
Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription