Controlling stake in Sircle Collection, a lifestyle hotel platform
Platform Roll-Out
Overview
European lifestyle hotel group with platform roll-out potential across three operating brands
As part of the investment, Crossroads also acquired a joint control share in the hotel management company and F&B operator, Entourage
Platform
Year
2015
Asset type
European Lifestyle Hotels
Location
Netherlands, Spain, Germany, Italy
Investment Highlights
- High quality, committed operating partner with significant acquisition experience
- Collection of three hotel brands located in key European cities
- Strong F&B portfolio to reposition and rebrand assets
- Platform recapitalised with a combination of mezzanine financing and equity
- Capex completion guarantees in place
Achievements
- Actively repositioned assets through capex, rebranding and introducing improved F&B concepts
- Portfolio value growth driven by follow-on acquisitions from eight to 12 hotels
- Majority exit of the platform in January 2023 to joint venture partner
ESG
Portfolio
